The day before yesterday, Musk and Tesla called for a wave of Bitcoin, which directly pulled Bitcoin back to the upward trajectory. As a result, yesterday basically all the rises fell, and it even touched 50500, which is nearly half of the price. The low point that has not been touched in the past month, it seems that the market has not given Musk face.

Fortunately, the financial report is not once a day, but monthly, quarterly, and semi-annual. It became 800 million US dollars, and then found that it was not enough to cover the cost, which is very funny.

Closer to home, let's talk about the situation of the upcoming delivery this afternoon.

Today's biggest delivery is that $6 billion worth of put options on Deribit is about to be delivered. According to Deribit, the biggest pain point for quarterly options is $44,000, which means that if it falls to $44,000, the buyer of the option will lose the most, while the seller of the option basically They are all institutions, but today's delivery price is not necessarily related to this.

Just like what was said in yesterday’s small article, basically those who want to continue to hold contracts or options, regardless of whether they are sellers or buyers, basically began to move their positions as early as half a month ago, and it was relatively late yesterday and the day before yesterday It has already started to move, and it is rarely left until a few hours before the delivery, because in the first few hours, not to mention the deep false value, even if it is only a false value, there is a possibility of returning to zero.

So this is also the reason for the sharp drop yesterday and the day before yesterday. A small number of gamblers stayed until the delivery date and found that it was too late, so they had to start to stop losses. You must know that options are different from what you learned in your textbook. The textbook says that the seller loses money Unlimited but limited profit, the buyer has limited loss but unlimited profit, but in fact the success rate of operating the seller far tells the buyer, which is not told by textbooks.

And there are still many differences in practice. It is recommended that anyone who is interested or has some basic skills can try it. This thing is recommended to play with small funds, and the probability of zeroing the contract is greater.

The delivery time of the Cme quarterly contract is 0:00 Beijing time, which is right, it will be delivered at 0:00 on Saturday. (4pm London time)

The delivery time of the Deribit contract is 4:00 pm Beijing time on Friday.

The delivery time of Binance, okex, huobi and other exchanges is 5 pm Beijing time.

My personal opinion is that since the short position is heavy, the delivery needs to be bought to close the short position, so there should be huge fluctuations in the market before and after the delivery, and it should rise. It depends on how you operate. I will not comment on any operations here, just based on the data. say.

So everyone, don’t throw the pot to the delivery. The delivery is in December. There are many thieves who are bullish, but the result is not a big rise. It is also reserved for January to rise. direction.

It is said that leeks like to read the news, but at the institutional level, both in the United States and Canada, they are applying for new ETFs, and many institutions are applying for their own compliant Bitcoin funds, while the Chicago Options Exchange So it is also considering re-launching Bitcoin futures, which proves that everyone wants to get a share of the action, and the premise of getting a share of the action is that the market must grow bigger.

Anyone who has an idea will find that 6 months ago happened to be October, and the starting point of this wave of market prices was October, and in October, Bitcoin was about 11,000 US dollars, and the daily "recharge" amount of Grayscale at that time was very high. Big, which means that there will be a large number of GBTC unlocked in the next 100 million. At present, GBTC and Bitcoin in the market have already seen a negative premium. I don’t know how they carry out arbitrage with negative premiums.

My question is whether Grayscale can solve the market or not depends on your abilities. I hope you can explain it to me. It’s been a long time since I’ve seen anyone say that Grayscale is awesome, except last week that Grayscale brought their own goods. , Mingpai lpt, pulled hard, and proved his strength again.

Let's see if there will be huge fluctuations at 16:00, 17:00, and 0:00 today.

All articles of Professor Suo cannot be used as investment advice and recommendations. Investment is risky, and the risk in the currency circle is even worse. It is recommended to evaluate personal risk tolerance and prepare psychologically before entering the market.

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