JUN 23, 2021 • 3 Min Read
After closing yesterday 3% up after a wick below the current range low, BTC is currently up another 4.9% at the time of writing. Though BTC is leading the market, DOGE and SOL are the biggest winners of the last 24 hours, up 39% and 35% respectively.
Open interest on Binance is soaring.
— CL (@CL207) June 23, 2021
Yield Guild announces an IDO on Sushiswap.
ANNOUNCING THE YGG TOKEN SALE ?️⚔️?
— Yield Guild Games (@YieldGuild) June 23, 2021
Making sense of yesterday’s option flows.
1) As BTC <30k, fast money did what fast money does – focussed on large Jun25 expiry – panicked on shorts, closed risk, took profits.
But the real story was generated by Fund Call buying near spot support, Jul 32-40k, Aug 45-50k, Sep50-56k, in addition to large delta1 purchases. pic.twitter.com/wMe6VdGAdk
— Deribit Insights (@DeribitInsights) June 23, 2021
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