Analysis: The current cryptocurrency market is mainly characterized by cautious observation and risk aversion

ChainCatcher news, according to Greeks.live macro researcher Adam's post on the X platform, this week is the U.S. election week. Currently, there is a lot of uncertainty surrounding the U.S. elections. Over the past month, Trump's popularity has been high, but Harris's chances of winning are gradually increasing during the election process. The U.S. elections have a significant impact on the entire market. There is also a monetary policy meeting on Friday, and the market generally expects a 25 basis point rate cut. Currently, the cryptocurrency market is primarily in a wait-and-see mode for risk aversion. This week's at-the-money implied volatility (IV) has risen to 80%, and this month's options IV is significantly higher than that of long-term options. There may be significant market movements in the coming days.