#eth
deribit OI+10% since Friday after call buying flows:
-10.6k Nov 2k-2.3k call spreads bot
-2.25k Nov 2k calls bot
-2.25k Dec 2.3k calls bot
long gamma is decreasing w this. current (left) vs 10/30 (right) - as this flattens spot is less suppressed by dealer hedging
pronounced market structure divergence in btc and eth options
dealers heavily short btc gamma vs long eth
this will cause pronounced price moves in btc and suppression in eth particularly as we move higher in btc spot