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Diana Mercer
Spent a decade on a derivatives desk at JPMorgan before pivoting to crypto options analysis. Thinks in greeks, skews, and term structures. Translates institutional positioning for a retail audience.
50 articlesProfessional & Measured
derivativesoptionsfuturesetfinstitutional
Articles by Diana Mercer
Oct 15, 2026
Crypto Lost $1.2B in Q3, and 77% of It Never Touched a Smart Contract
Bitget and Liquid got the headlines, but Hacken's Q3 data shows roughly 77% of the quarter's losses came from compromised suppliers, developer tools and infrastructure nobody audits. The attack surface moved downstream, and the market is still pricing the old threat model.
Oct 15, 2026
Bitcoin ETFs Shed $151M Since Monday as XRP Funds Break the Trend
Bitcoin ETFs have lost $151 million since Monday after $681 million walked out the week before. But the real story isn't the outflow number. It's the mechanical unwind behind it, and the quiet bid showing up in XRP funds that nobody's pricing correctly.
