Every Zipp story tagged #Deribit, newest first.
Annualized vol is half what it was, yet tail-risk frequency has risen; that is the gap value-at-risk models can no longer ignore as institutions keep adding exposure.
Gated to CFTC-defined Eligible Contract Participants with at least $5M-$10M in discretionary assets, the launch is institutional by design, not a retail feature.
The integration could give eligible U.S. clients regulated access to global options and perpetual futures, while bringing spot, derivatives and custody onto one platform.
The consolidation pools derivatives liquidity on Deribit but requires affected institutions to update connections, settlement workflows and trade records.
The options expiry split derivatives positioning: BTC options stayed call-heavy, while ETH traders turned more defensive as post-settlement volatility remained limited.
The Sept. 9 International Exchange cutover is operational, not structural: 96.6% of the notional already lives on Deribit, leaving a 30-minute migration window and a new CFTC-mapped custody stack for…
The page going dark does not mean reserves disappeared, but it does strip the one piece of evidence retail and institutional clients could check every day, just four years after FTX.
Most of the $6.4B in open interest was written against a sub-$70K backdrop before the 20% rally, so the post-expiry positioning distribution is what traders will read next.
The $69,000 max-pain level is a positioning reference, not a price floor, while Fed expectations add a second source of volatility around settlement.
The expiry's key question is whether dealer hedging pins Bitcoin near $75K-$80K or reinforces a break. The 0.83 put-to-call ratio is an inventory measure, not a standalone directional signal.
Call-heavy positioning points to a bullish bias, while clustered strikes make Friday's response a test of gamma hedging rather than a simple directional bet.
The trade is a short-term volatility wager: XRP must move far enough from $1.16 to cover the $62,000 premium by Aug. 28.
The $70K strike sits above spot near $64.8K, putting the September 2026 expiry at the center of the next CPI-linked range test.
Deribit just settled $9.6B in monthly options, leaving Bitcoin's next downside magnet at the $60,000 strike, less than 5% below the weekend's open, with ETF flows sidelined until Monday.
Two weekly expiries through Deribit knocked out the dealer-hedging excuse for Bitcoin's flat tape. The remaining big bet needs 9% upside by July 31, two days after a Fed meeting markets can't call.
Calls at those two strikes outnumber puts by 10-to-1, and Laevitas ties roughly half the notional to a single bull call spread tied to CLARITY Act optimism.
The flow lands on Deribit just two days before the Fed's July 29 decision, and its size plus strike precision signal institutional conviction that a macro tailwind breaks BTC out of its recent…
The split tells the story: retail-style spot flow cooled across the board while derivatives venues absorbed the risk migration, with Deribit's 26.6% jump leading the move.
Elevated put skew across all tenors signals persistent downside hedging even as spot ETFs just ended a 10-day outflow streak, a split tape that argues against calling the rebound a confirmed bottom.
The structural cost is that options desks are still bidding for downside even as implied volatility keeps printing muted; that divergence between hedges and vol is what historically resolved…
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