POPA Recon#BTC investors are paying up for upside exposure.
#BTC investors are paying up for upside exposure. 25-delta call vol has been outpacing puts at every maturity since the breakout. Skew is at its lowest of the year across the curve and flipped negative on the front end. https://twitter.com/n3ocortex/status/2090786305105973305
The excerpt is quoted from a public Telegram channel, which owns its text.