DeFi Speculators Turn to Ethereum ‘Squeeths’ and Straddles in Crypto ‘Crab Market’

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Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Are we in a dog market, crab market, or… Musk market? It seems like the only way investors are making money these days is gambling on when Elon Musk will post his next DOGE-centric tweet. Except for canine cryptocurrencies, the past several weeks have been horrifyingly boring in terms of price action. For the first time since 2020, Bitcoin’s 20-day volatility dropped below the S&P 500 and the Nasdaq. 20-day rolling volatility for Bitcoin, Nasdaq, and S&P 500. Source: Kaiko. In sheer price te ...

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