Greeks.live: Some hot projects have driven up Bitcoin transaction fees, causing miner revenue to temporarily increase instead of decrease

2024-04-22 11:55:22
Collection

ChainCatcher message, Greeks.live macro researcher Adam posted on the X platform stating: Last Saturday, Bitcoin successfully completed its halving, and the market remained relatively stable, with some hot projects driving up BTC Fee, resulting in a temporary increase in miner income. This week, there are few macro events and data, with almost no noteworthy macro events. The market still follows the trend of U.S. stocks as a barometer, and risk assets may still experience significant volatility. Outlook for the crypto options market: Bitcoin rebounded significantly over the weekend, with implied volatility for major maturities remaining relatively stable, the structure gradually returning, and Dvol still high. This week's volatility expectation is lower than the previous two weeks, and selling may be a better option, especially selling puts. Outlook for the crypto interest rate market: The Bitfinex green leaf interest rate market has large players continuously increasing their positions, but the interest rates have not been able to sustain a rebound. Currently, the rates are at a normal level, and one can wait to identify high-rate orders before taking action.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators