Paradigm Session Recap - November 26, 2024 Spot is down, with BTC at $91,700 and ETH at $3,300 as of this writing. The equities-crypto rolling correlation is declining as the S&P 500 hit fresh highs while BTC retraces. Fed minutes emphasized caution, leaving upcoming data likely to sway sentiment. BTC Weeklies are slightly up, while the rest of the curve is down a notch. Skew increasingly favors puts. Realizeds edged higher but remain stable, with BTC VRP at 10 and ETH VRP at -2. Flows leaned bullish, with outrights and calendars lifted. The Dec 92k Straddle was bought and sold around 56/57v, and the ETH 28-Mar-25 4k/5k Call Spread was bought at 72v/75v.