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 👇

This piece by Derive’s Head of Research @seanNotShorn is part of our bi-weekly longform series “High Signal” on Derive Insights. 📖 Read the latest → 📬 Sign up for the newsletter → 🔗