Paradigm Session Recap - December 5, 2024 Spot is up, with BTC at $98,700 and ETH at $3,800 as of this writing. Spot ETFs continue to see strong inflows, with BTC and ETH products respectively recording over $1 billion and $300 million in net inflows over the past two sessions. Tomorrow at 8:30 am ET, November payrolls are expected to come in at +214,000. Fed Funds Futures currently imply 70% odds of a 25 bps cut. BTC term structure flipped to backwardation as fronts spiked when spot broke 100k. Call skew surged and then retraced. Flows were mixed, with OTM calls both bought and sold. The 28 Mar 25 200k call was lifted at 73v.