Why is Bitcoin’s volatility so low? New long-form by @SeanNotShorn and Greg Magadini (@Amberdataio) dives deep. They argue the divergence is structural, driven by institutional flows, ETH’s “digital oil” status, and MicroStrategy-style convert plays. Link in comments 👇

Weekly Buyback #24 Complete 🐎 108,912 DRV was purchased at an average price of $0.068. Derive DAO has bought back a total of 10,014,172 DRV. Return to fundamentals.

▬▬▬.◙.▬▬▬ ═▂▄▄▓▄▄▂ ◢◤ █▀▀████▄▄▄▄◢◤ █▄ █ █▄ ███▀▀▀▀▀▀▀╬ ◥█████◤ ══╩══╩═ ╬═╬ ╬═╬ ╬═╬ ╬═╬ ╬═╬ Just dropping in to say: GM ╬═╬ ╬═╬ ╬═╬😎/ ╬═╬/▌ ╬═╬/ \

Learning about crypto options and getting familiar with @derivexyz is finally paying off!

1/ About a month ago we released our thesis on @derivexyz, echoing their vision for the infinite payoff factory With the base case fully baked in and a team hungry for much more, how satiated may risk appetite be across the board? 🧵👇

.@SeanNotShorn Head of Research at Derive, told @DecryptMedia that the confluence of "favourable U.S. government policy and well-timed institutional engagement has resulted in blood rushing back into the crypto market." The article is currently on the front page @DecryptMedia👇

Community Update • We signed on a new strategic advisor bringing a large network and experience, who'll be announced in the coming weeks. • Several team members will attend @CoinfestAsia to connect with traders, funds, exchanges, and community members in the APAC region.

Bitcoin’s stuck in a low-volatility range with IV ~30–40%. ETH flashing momentum: IV > 60%, calls stacking at $3.4K–$4.2K. Traders are betting on ETH to move and paying a premium for upside exposure.

As one of the largest traders on @derivexyz (and proud earners of DRV incentives), our strategies fully approves this message. DCF-aligned. 🫡 200M+ across account. Let’s scale @itseneff

Gm ETH bulls 🐂 25% of @derivexyz's ETH open interest for 25JULY expiry is > $3400. Markets also implying ~25% chance of ETH > $4K by end of year for a nice little Christmas present 🎅🎄