Deribit Analysts Say Wall Street Has Reshaped Bitcoin Volatility And Liquidity

TL;DRDeribit Insights says Wall Street participation has changed Bitcoin’s market structure.The episode points to lower volatility, compressed basis trades and stronger institutional market-making.Options gamma is becoming large enough to matter for short-term spot market behavior.Bitcoin’s Market Structure Looks Different After ETFsA new Deribit Insights episode argues that Wall Street’s arrival through spot Bitcoin ETFs has materially changed Bitcoin’s volatility, liqui