The Big Picture | The Surprising Upside Potential of Terrible Spot Liquidity

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March 24, 2023


In this episode, Chris Newhouse from GSR trading walked us through bank runs and the newest financial crisis; we also talk about Bitcoin as digital gold, and the incredibly low spot liquidity we are seeing at the moment which is informing our current rally.


- Intro
- BTC is Dominant
- Deribit Volume (3.5bn)
- BTC/ETH Decoupling
- Shanghai Merge
- BTC Flows
- Vol of Vol
- Gamma and Low Liquidity
- Old Macro World
- Liquidity about to Pop
- Macro Overview
- Closing

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