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Deribit Insights
Deribit Insights21.7.2025
1) Treasury plays are the game. BTC may have stalled as an OG wallet supply soaks demand, but $23.7m spent on an EoY Dec 140-200k Call spread x3500 signals continuation. ETH active with ETF+treasury inflows, pushing recent Sep Fly and Call spreads ITM, Fast money Calls in play.
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