I could sense there was a correlation between SPX and BTC almost the entire month but couldn't explain it.
It would seem they both have large options gamma pinning both of them to 4800/48,000 that expire today.
Don't look now. Their prices are almost identical.
I'm planning on doing a lot more research on it this weekend.
We'll see how it plays out by the end of the day.
Very interesting if both 4800 SPX and 48,000 BTC end the day today.
It would seem they both have large options gamma pinning both of them to 4800/48,000 that expire today.
Don't look now. Their prices are almost identical.
I'm planning on doing a lot more research on it this weekend.
We'll see how it plays out by the end of the day.
Very interesting if both 4800 SPX and 48,000 BTC end the day today.
