Bitcoin (BTC) and Ethereum (ETH) remain rangebound with BTC between $60,000–$75,000 as crypto continues trading in line with broader risk assets. Ryan Grace outlines elevated implied volatility, bearish price momentum, and strengthening cross-asset correlations, with the S&P 500 (SPX) down five consecutive weeks. The group also discusses crude oil (CL) volatility opportunities, covered call strategies in iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), and how skew impacts butterfly construction across asset classes.