$BTC in constant-volume bars. I like looking at price this way. I think it makes ranges clearer. The idea is that, if every trade represents an information update, then these candles distribute that information evenly. The x-axis shows a warped version of time, slowing down during active trading and speeding up when nothing is happening.

I’m going to integrate watches price in the trading system

Seen a great deal posted about the 'largest notional' Options block trade - Aug8th 110k Puts x5k bought earlier this week ($5m spent) - a generously executed institutional trade. Aside from the ubiquitous use of notional to 'promote' size - many larger absolute blocks have taken place in the past at lower BTC Spot levels - it's revealing that $48m spent on 7k Dec 140-200k Call spreads at the same time has been somewhat overlooked even though it should not be overshadowed with greater notional and ~10x the premium spent. Additionally, the Aug8th 110k Put purchase was not all what it seemed in directional reasoning, and yet the Dec 140k-200k Call spread is difficult to argue as anything else but directionally transparent.

Coinbase derivatives doing coinbase things. Magically they resolved the suspicious volume/oi ratio...

Kids are sleeping…dad is relaxing

Me after spending two days cross checking BitMart API. Their UI is reportedly inflating trading volumes by double and open interest by triple.

3) With June short dealer Gamma rolling off, and a continued onslaught of inventory Gamma from Funds selling Calls+Puts, MMs are now core long Gamma currently from the observed data. This could ofc be offset by bilateral buy deals generated from several encouraging sales desks.

I bought it (not fake) here...ouch! 😅

Interesting view on volatility market. Market partecipants are reflecting different expectations BTC vs ETH, showing more pronounced downside short term protection for ETH.

This message (that cooking is too expensive, time-consuming, or outdated) is going to be pushed more and more in the coming years. They want to make cooking seem like it’s not worth your time. Like it is inconvenient, too expensive, or even “not masculine.” Why? Because it benefits a system that wants the working class to live in smaller apartments, with less time, more jobs, and more dependency. The lower class is already there (people working two jobs, with no time or energy to cook). The next step is to get the rest of us to give up on it too. If cooking becomes “uncool” or “inefficient,” they profit through food delivery apps, ultra-processed takeout, and even future housing where people rent micro-apartments with shared kitchens. Cooking is not just about food. It’s about control, independence, health, and tradition. Do not let them convince you to give that up.