Finding the Trades Institutions Won't Touch | DegentradingLSD

DegentradingLSD joins Sokio to talk about going from options market making in TradFi to trading crypto, starting with a flat Deribit vol surface and the GBTC discount during the Genesis unwind.  We get into why keeping money is harder than making it, how much cash to hold, and why half or quarter Kelly is easier to live with than full Kelly. He explains why he thinks retail's edge sits in trades institutions can't or won't take, why crypto has stopped moving as one market, how he reads rate hikes against the AI capex boom, and why the same ticker on two venues isn't always the same trade.  Plus: private inference and privacy, Zcash's locked-up supply, where perp DEXs and crypto options go from here, and his outlook into the midterms.00:00 Intro and Finding an Edge in Crypto 08:21 The GBTC Discount Trade 15:33 Keeping Cash and Managing Risk 19:42 Why Crypto Isn’t Moving Together 26:15 Rates, Liquidity and the AI Trade 35:26 Equity Perps and Choosing Your Venue 42:19 The AI Race and Privacy 47:08 Zcash, Supply and Crypto Narratives 53:11 Perp DEXs and Crypto Options 01:00:01 Market Outlook Into the Midterms