A court document shows that due to the recent increase in the value of digital currencies such as BTC and SOL, almost all customers of the bankrupt cryptocurrency exchange FTX will be able to get their funds back, or even more. Specifically, the company currently has 14.5 billion to 16.3 billion in assets to repay creditors of approximately 11.2 billion U.S. dollars in arrears. However, some investors are pessimistic about the recent upside potential of currency prices due to the potential sell-off of risky assets.
On the other hand, according to Bloomberg, Graysacle, the worlds largest crypto asset management company, announced the withdrawal of its Ethereum futures application submitted to the US SEC. However, it did not disclose the reason for the withdrawal of the application, which caused widespread speculation.
Source: TradingView
In terms of currency prices, BTC performed poorly this week, giving up most of the gains brought by the macro-positive since last Friday. In terms of options, the implied volatility fluctuated slightly at the recent low point, the front-end curve was relatively flat, and ETH still had a higher Vol Premium than BTC. From the perspective of trading, the ETH 31 MAY Sell 3700 Buy 3800 selling call spread strategy became the focus of the past day. The selling pressure of the BTC bullish strategy was also strong. At the same time, accompanied by significant protective put option purchases at various maturities, Vol Skew fell sharply.
Source: Deribit (as of 9 MAY 16: 00 UTC+ 8)
Source: SignalPlus
Source: SignalPlus
Data Source: Deribit, ETH overall transaction distribution, 31 MAY Sell 3700 Buy 3800 Call Spread
Data Source: Deribit, overall distribution of BTC transactions
Source: Deribit Block Trade
Source: Deribit Block Trade
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