Matrixport: Volatility Expectations in the Options Market Reach a Peak Before the U.S. Election

ChainCatcher news, according to Matrixport's latest weekly report, macroeconomic and market sentiment fluctuations have led to a global capital return to traditional financial markets, intensifying downward pressure on crypto assets. The U.S. stock market's linkage to non-farm payroll data has driven BTC upward in the short term, but as a risk asset, BTC has retraced alongside U.S. stocks. Small and mid-cap tokens have outperformed BTC, indicating that the crypto market remains highly speculative during the capital return period. BTC is oscillating around $60,000, with significant selling pressure, and has not yet formed a stable upward trend. ETH demand is weak; despite support from decentralized applications, its price performance lags behind BTC.

Rising global economic uncertainty has driven an increase in volatility in the options market, with institutions using options to hedge market risks. Ahead of the U.S. elections in November, volatility expectations in the options market have peaked, and institutions are positioning themselves in advance to avoid sharp fluctuations. The launch of Bitcoin ETFs has invigorated the crypto options market, with institutions inclined to profit from volatility trading. Crypto arbitrage opportunities have decreased, with capital shifting to traditional financial markets, leading to tight liquidity, making volatility trading an important strategy.