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Bitcoin (BTC) • Quarterly Derivatives Settlement Consolidation

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With the FOMC meeting this past wee we are seeing some prolonged consolidation and indecision under the 2021 yearly open (28.9k).

Now I think the main reason that is happening is more related to the fact we have Quarterly March Futures and options settling just around the corner.

Deribit March Quarterly Options have 3.8B Nominal Open Interest and 350m in Futures. All these obviously need to be settles against SPOT and OTC markets. That is why a weird consolidate with weird liquidity hunts moves is normal.

As discuss in video I walk through the trends and technical structure I am looking at. Also comment on Futures Basis, Premiums,Funding Rates and Orderbooks.

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