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Crypto Options Unplugged
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Crypto Options Unplugged

Author: Deribit Exchange

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Join Imran Lakha and David Brickell on 'Crypto Options Unplugged,' your weekly-go-to crypto podcast. Expect in-depth analyses valuable insights, expert opinions, and entertaining discussions on the crypto market's hottest topics. Don’t miss out - tune in, subscribe, and stay plugged into the pulse of the crypto world!
100 Episodes
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In this week’s episode, Imran and David host a panel discussion with Brett Reeves (BitGo), Adam Groom (Copper), and Sophie Bowler (Zodia Custody) to explore why custody is becoming a pivotal factor in crypto’s evolution. They discuss the rise of institutional-grade custody solutions, the challenges of retail access, the specificities of the derivatives markets, the challenges retail access and shifting regulations. Imran and David also dive into the latest macro and crypto developments, including major liquidations over the weekend and Bitcoin’s ongoing bull case.
In this week's episode, Imran and David discuss the recent uptick across crypto markets as US yields backed off on softer inflation than expected last week, and a fresh wave of optimism was seen ahead of Donald Trump's Inauguration as President of the US. So far price action has been choppy around the event with no clear breakout and much of the weekend volatility was centered around the MEME coins launched by the First Family. David still sees the macro setup as very bullish and is unconcerned about reports of a BoJ rate hike later this week sparking more carry trade unwinds. Imran catches up with the guys from Greeks Live to discuss the tools they are creating to help retail options traders better execute and manage risk.
In this week's episode, Imran and David discuss the recent strong macro data that has led to higher US yields and a bout of de-risking across asset markets. Crypto markets broke below key supports but have since recovered on optimism around the incoming Trump administration and what they announce next week. David remains resoundingly bullish and is looking through the latest bond market weakness and expecting a reversal in yields. Imran catches up with Greg Magadini, Director of Derivatives at Amberdata to see what he's seeing in vol trends and how the crypto market may evolve this year.
Crypto markets fail to recover with equities despite dialed-back trade war rhetoric. Long-term holders are selling, while demand from digital asset treasuries and ETFs wanes. Put skew and volatility remain elevated, signaling caution ahead of CPI data. Hosts Imran Lakha (Options Insight) and Dave Brickell (FRNT) break the down cross-currents: funding market pressures forcing Fed QT to end, persistent debasement trade via liquidity needs, and potential risk-off in the near-term as price action derteriorates. Short-term caution advised—no bearish thesis change, but navigate volatility with proper sizing. Bullish long-term on Bitcoin amid systemic money printing but don't need to be a hero! Like and subscribe!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets surge with gold as Bitcoin hits a new high near 126K, driven by a US government shutdown and tariff-funded stimulus talks fueling the debasement trade. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT), with guest Oleksandr Proskurin (Arkis), note low volatility, with funding rates and call skew stable, indicating institutional-driven spot buying, not speculative futures led frenzy. Record $6B weekly ETF inflows signal maturing markets, with Solana’s low 70-80 vol and potential ETF approval suggesting upside to $250+. Arkis’s DeFi prime brokerage bridges on-chain and centralized finance, offering portfolio margin and KYC-compliant lending. Macro tailwinds—global rate cuts, rising liquidity, and Japan’s bond market pressures—support Bitcoin’s role as a hedge against fiat debasement. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets dipped into the September options expiry but rebounded strongly after flushing out weaker longs, with ranges holding firm. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT), with special guest Greg Magadini (Amberdata), discuss persistent bearish sentiment despite a supportive macro backdrop—sticky 2.9% inflation, 3.8% GDP growth, and no major recession fears. Bitcoin’s realized volatility has collapsed to a 20 handle, while ETH and Solana show bullish chart patterns and persistent higher volatility, with ETH eyeing 5,000 and Solana’s December options at 70 vol looking attractive. Global debt dynamics, particularly Japan’s 250% debt-to-GDP, signal more fiat debasement, reaffirming the Bitcoin and gold bull cases. A potential US government shutdown is dismissed as a non-event, but delayed jobs data could add volatility ahead of the Fed’s October meeting. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets seesaw after the Fed’s 25-basis-point rate cut, signaling more easing ahead. Ethereum drops 6%, triggering liquidations at 2021 levels, testing key supports, while put protection spikes and funding rates turn negative, hinting at a potential short squeeze. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) analyze the flush-out of leveraged longs, with guest Sam Price (Crypto Lifer) offering a technical perspective, pointing to a head-and-shoulders pattern and a critical 200-period moving average on the 4-hour chart for Bitcoin at 113K. Despite the pullback, a Goldilocks macro backdrop sticky 3% inflation, slowing but resilient growth, and rising global liquidity supports a bullish outlook, with Bitcoin potentially targeting 190-250K. Watch for a V-shaped recovery or further correction to 98-103K. Like and subscribe for more!#crypto #trading #cryptocurrencynews #Podcast Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets grind higher on low volatility as last week’s inflation data reinforced expectations for a Fed rate cut this week. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT), joined by Usman Naeem (Global Head of Derivatives Sales and Trading at Coinbase), discuss whether this cut will spark crypto’s next leg up, given equities’ new highs and Bitcoin’s consolidation post-record levels. They discuss Coinbase’s recent acquisition of Deribit and what it means for the future of crypto options, institutional hedging driving put skew, and the maturing crypto market with digital asset treasuries (DATs) and DeFi growth. A Goldilocks macro backdrop—falling yields, strong liquidity, and no over-leverage—suggests a potential crypto melt-up in year-end. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets lag behind soaring equities and gold as weak U.S. jobs data (22K print, June revised to -13K) fully prices in a September Fed rate cut. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT), joined by Mark Hiriart (ZeroCap), discuss suppressed crypto volatility (Bitcoin vol in low 30s) amid a narrow range, with persistent put skew driven by institutional hedging demand. Inflation data looms as the Fed enters blackout, but a supportive macro environment—falling yields, lower oil prices, and global rate cuts—signals bullish tailwinds for Bitcoin and altcoins like Ethereum and Solana. They explore ZeroCap’s institutional focus and the growing OTC derivatives market, predicting a Bitcoin rally to 150K post-consolidation. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Bitcoin touches near $107K over the weekend, with institutional buying slowing as focus shifts to Ethereum’s relative strength. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) analyze the market’s rejection of new highs after Jackson Hole, with put skew rising due to protection buying. Despite fragile global bond yields, higher odds of a September Fed rate cut, and long-term bullish crypto trends persist. They discuss Bitcoin’s price pattern resembling earlier ranges, predicting a recovery without retesting below $100K, and highlight potential volatility risks on the downside. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets pull back from highs ahead of Jackson Hole, with put skew rising amid protection buying on risks that Powell pushes back on rate cuts. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) analyze Bitcoin’s choppy range, quick dip recoveries after disappointing jobs data, and Ethereum’s surge toward all-time highs. They discuss the institutional treasury adoption and a supportive macro backdrop (slowing growth, disinflation, September rate cut pricing) which has led to the Summer strength. Imran runs through some charts with Gareth Soloway, Chief Market Strategist at Verified Investing to get his take on the recent dip and how it shapes the technical outlook. Volatility remains stable for now, but hedges are key for summer risks. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets stay choppy over summer, with disappointing jobs data sparking dips that get quickly bought as rate markets eye a September Fed cut. Ethereum surges toward all-time highs, fueled by the Genius Act’s stablecoin boost and massive ETF inflows. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) analyze Bitcoin’s quick recovery, Ethereum’s dominance breakout, and the supply-demand dynamics driving alt season. They highlight Bitcoin and ETH treasury adoption, yield strategies, and a resilient macro backdrop of disinflation and global liquidity support. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets consolidate as Bitcoin hovers around 117K-120K, with Ethereum stealing the spotlight after a 30% rally driven by the Genius Act’s stablecoin clarity. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT), joined by Dan Blackmore (Glassnode), explore on-chain insights revealing steady institutional buying along with profit-taking by long-term holders. Bitcoin’s structural health remains solid, while Ethereum’s narrative as the dominant layer-1 for stablecoins fuels massive ETF inflows and options volume. They discuss macro risks, including a $1.6T quarterly debt issuance and potential Fed liquidity support, reinforcing Bitcoin’s long-term bullish case. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets ignite as the Genius Act passes, boosting stablecoin adoption and fueling a 30% Ethereum surge in a week, with inflows overwhelming sellers and volatility soaring. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) dive into the long-awaited alt season, with Bitcoin dominance dropping to 60% and Ethereum leading the charge. The Genius Act’s regulatory clarity for stablecoins, settling heavily on Ethereum’s chain, drives massive ETF inflows and treasury strategies. They discuss Ethereum’s explosive options activity, macro stability, and risks like tariff deadlines and Fed chair uncertainty. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Bitcoin hits new all-time highs at 120K, but volatility remains subdued as institutional treasury adoption drives steady accumulation. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) welcome a Women in Crypto panel featuring Barnali Biswal(Hilbert Group), Chantal (Deribit), and Lucy Balicki (Laser Digital). They discuss Bitcoin treasury strategies, with Hilbert Group focusing on active management to generate yield without excessive risk. The panel explores institutional adoption trends, Deribit’s USD-settled options launch, and the collaborative, diverse nature of the crypto industry, highlighting opportunities for young talent. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Bitcoin struggles to break out, stuck in a range as volatility hits holiday lows, with tariff uncertainties creating headwinds but institutional dip-buying supporting prices. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT), joined by James Van Straten (CoinDesk), analyze Bitcoin’s resilience above 100K, driven by treasury adoption and steady demand. Despite profit-taking, the macro backdrop remains bullish with easing geopolitics and potential Fed rate cuts. They explore MicroStrategy’s dominance, stablecoin growth, and AI’s looming economic impact, signaling a slow grind higher for crypto. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Equity markets hit new all-time highs, but Bitcoin remains range-bound between 100K and 110K, with volatility suppressed by heavy call-overwriting from institutional accumulators. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) discuss the fading geopolitical tensions, a supportive Goldilocks macro environment, and Fed speakers’ dovish shift towards more rate cuts. Despite a $300B liquidity drain at quarter-end, Bitcoin’s resilience and low volatility (near-year lows at 30) offer cheap upside potential. Ethereum’s volatility spread narrows, offering volatility trading opportunities. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets surge as geopolitical tensions ease, stablecoin regulations advance, and Fed speakers hint at July rate cuts, pushing Bitcoin toward new highs. Hosts Imran Lakha (Options Insight) and Dave Brickell(FRNT), joined by Nate Cox and Conrad Carvalho (Two Prime), explore Bitcoin’s consolidation, low volatility, and Ethereum’s persistent high-vol premium. From Two Prime’s yield strategies for institutional Bitcoin holders to concerns over MicroStrategy copycats, this episode dives into macro tailwinds, corporate treasury trends, and stablecoin dynamics. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Bitcoin trades in a tight 100K- 110K range as the summer lull persists, but Middle East tensions spark hedging demand. Hosts Imran Lakha (Options Insight) and Dave Brickell(FRNT) unpack the market’s resilience, supported by a Goldilocks macro backdrop of low inflation and steady ETF inflows. Ethereum’s high volatility premium holds as realized moves justify it. Imran speaks to special guest Charlie Sandor (CMT Digital), as they explore venture capital trends, stablecoin growth, and AI’s disruptive potential in crypto, from decentralized compute to data verification. Like and subscribe for more!#crypto #trading #cryptocurrencynews #PodcastDeribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
Crypto markets trade in tight ranges with volatility trending lower, as Trump-Elon tensions spark brief risk-off moves before a Goldilocks jobs report lifts Bitcoin back towards 110K. Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) analyze the calm market, with option flows signaling a quiet summer but potential action in September. David is joined by Ben Cowen (Founder of Into The Cryptoverse) in a special segment where they dive into macro trends, Bitcoin’s resilience, and why altcoins may lag until Q4. Like and subscribe for more!Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
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