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In this episode of The Big Picture, Kelly Greer from Galaxy explains how the ETF deadline drives $BTC volatility. We also talk about recent market liquidations, gamma dynamics, and the overall state of the crypto market. With the ETF looming, you won't want to miss this one, so grab some coffee and settle in. ______________________________________________ 0:00 Intro 1:00 Background and Role at Galaxy 2:11 Charts and Market Analysis 5:00 Impact of Liquidations on ETF Approval 6:07 Previous Fake Out 7:16 Retail Traders 8:18 Volatility Skew 10:04 Market Reset 12:48 OI and Call to Put Ratio 15:28 Option Strategies 16:31 DeFi Traders 18:46 DeFi OTC Trading 20:20 Gamma Dynamics 24:24 Long Dated Structures 25:10 Gamma ____________________________________________ Stay Informed: Join: https://pdgm.co/3Ru6vuI Blog: https://pdgm.co/3twtX2n Youtube: https://pdgm.co/41uh5q8 Twitter: https://pdgm.co/3tix3Hs Newsletter: https://pdgm.co/41LlPbj Telegram: https://pdgm.co/3TxQuqd Linkedin: https://pdgm.co/3vbfZnm ___________________________________ Marty: / thinkingvols Greg: / genesisvol Marty's Meme Guy: https://x.com/jakejuiceme?s=21 __________________________________ About Paradigm: Paradigm is a zero-fee, liquidity network for crypto derivatives traders across CeFi and DeFi. The platform provides traders with unified access to multi-asset, multi-protocol liquidity on demand without compromising on price, size, cost and immediacy. The firm's mission is to create a platform where traders can trade anything, with anyone and settle it anywhere. Disclaimer: All opinions and actions expressed and undertaken by the guest and host are individual opinions and actions only and do not reflect the opinions and actions of Paradigm. Paradigm does not guarantee the accuracy, applicability, reliability, integrity, performance or appropriateness of the content of this video, nor shall Paradigm be liable for any loss or damage that may be caused directly or indirectly by your use of these contents. Paradigm is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities effected by you. No communication or information provided to you by Paradigm is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. #binance #bitcoin #finance #finance101 #trading #ethereum #tradingoptions #optionstrading #options #optionselling #investing