Most Perp Traders Have Never Actually Used Options ❌ $BTC perp traders understand the concept. $HYPE traders have heard the pitch. Defined downside, capped loss, structured risk before the position opens. And then they open the options chain. Strikes, expiries, implied volatility, delta, gamma, theta. Five things to model before you can size a position. The learning curve is about translating that into a position in under two minutes without feeling like you're about to make an expensive mistake. Most close the tab. The debate on CT has been running for years and the lines are always the same. Perps traders find options too complex. Options traders find perps too degen. The gap is still wide open. Most people in both camps have stopped expecting it to close. #Macro Insights#