🌴 July 21th Trading Update - Top Strategy: Long Call Butterfly - Most Wanted Option: BTC-25JUL25-116000-P - Volatility Commentary: Crypto has certainly not shied away from our own FOMO moment, with Ethereum having a fantastic week as we approach the $4k area (+22% over 5 trading days), and a number of major altcoins seeing double digit gains for the week. BTC has also reached its own record highs at above $118k, albeit with more restrained excitement, as it certainly feels like that the good days are back until further notice. As a positive milestone, Congress did finally pass its landmark stablecoin legislation over the past week, trading tighter federal and state regulations for more venues for stablecoin payments. This has probably spurred on some structural tailwind with ETH ETFs seeing record inflows in the past 2 weeks, totalling over 3bln in July with daily figures (300-500M) trending at 5-10x the amounts seen in the 1H of the year. 🎁 Join the Deribit x SignalPlus Trading Competition for a chance to win a Tesla, a Rolex, and share 300K USDC: https://t.signalplus.com/deribitsummerchase(Deribit)