The Times They Are a-Changin’

  • Crypto and capital markets down following Tuesday’s CPI publication
  • ETH options skew heavily towards puts
  • Financial advisers increasing allocation to crypto
Source: TradingView
Source: Delphi Digital
Bob Dylan, Subterranean Homesick Blues
  • BTC & ETH continued to slide posting loses of -5.4% & -3.6% respectively on the week (8am). The total market cap of the crypto market dropped below $2tln mark and Bitcoin dominance fell below 41%
  • Among other majors, both SOL nosedived -11.6%, among DeFi platforms AAVE fell -12% this week
  • While the markets saw a drop, the annualized realized volatility in crypto markets did not move much, 67% for BTC and 78% for ETH this week
  • Oil futures jumped +7.2%, US inflation rose to the highest since 1981, pushing the FED further to hike interest rates more aggressively
  • US Equities (SPX) was down -0.8% week on week after yesterday’s tech rally helped recovering some losses incurred from big moves down earlier this week
  • The US Dollar index rose 10bps, 10 Year US treasury yields advanced +10bps and the Gold & Silver index rallied +6.1%
  • Even sided flow on client pad slightly (1.4x) skewed towards buying during last week
  • Two way activity in ETH
  • Buyers in SOL and BTC

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