mms getting the wrong side of stuff recently flows one way (supply) with little respite on btc and competition for business high prob due to coinbase soon easy pickings for initiators gg
Deribit Insights
Deribit Insights30.6.2025
3) With June short dealer Gamma rolling off, and a continued onslaught of inventory Gamma from Funds selling Calls+Puts, MMs are now core long Gamma currently from the observed data. This could ofc be offset by bilateral buy deals generated from several encouraging sales desks.
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