Greeks.live: The cryptocurrency market has experienced a V-shaped reversal for two consecutive weeks, and the current tight liquidity situation in the market will continue

2024-05-13 23:28:07

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ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that interest rate cuts seem to be a long way off, and some economies are even beginning to explore further rate hikes. The current tight market liquidity situation is expected to persist. There are no significant events in the crypto space that could impact the market, but the FTX claims and several hearings are worth paying attention to. The cryptocurrency market has been relatively weak recently, especially the altcoins represented by ETH.

The entire cryptocurrency market has experienced a V-shaped reversal for two consecutive weeks, with volatility significantly decreasing. Dvol has rebounded, and the current short- to medium-term IV has dropped to around 50%, significantly below the average level.

Key events this week:

5/14 Tuesday

Federal Reserve Chairman Powell and ECB Governing Council member Knot will jointly attend a meeting
OpenAI press conference
Judicial results of Tornado Cash developer and Samourai Wallet co-founder

5/15 Wednesday

U.S. April CPI
U.S. April retail sales data
FTX opens claims window

5/16 Thursday

Federal Reserve Governor Bowman speaks
U.S. initial jobless claims for the week

5/17 Friday

Several FOMC voting members speak

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