X @憨巴龙王

Market Trends & Correlation - Since the introduction of ETFs in 2024, MicroStrategy (MSTR) and Bitcoin (BTC) have experienced nearly identical percentage gains [1] - This correlation is likely due to the Net Asset Value (NAV) [1] Investment Strategy & Risk - A strategy of longing ETH and shorting SBET, based on SBET's NAV, is perceived as a potentially profitable trade [1] - SBET's implied volatility (IV) is significantly higher than ETH's, suggesting an alternative strategy of buying ETH calls and selling SBET calls [1] - SBET is continuously diluting its value [1]