Anchorage's David Lawant Says Bitcoin Options Signal Calm, Not Crisis
2 Jul 2026 · 45:45
David Lawant, Head of Research at Anchorage Digital, joins Steven Ehrlich on Bits + Bips to argue that Bitcoin's options market, not the fear and greed index, shows where the real signals are during the recent selloff. They walk through Strategy's $1.15 billion ATM raise, why Bitcoin options open interest has topped $60 billion and now exceeds futures, and why Bitcoin's volatility term structure has stayed inverted for months.