Greeks.live: BTC continues to fluctuate below $100,000, and the market is gradually turning pessimistic
ChainCatcher news, Greeks.live macro researcher Adam stated that there are many important macro events this week, with the Federal Reserve and U.S. economic data being quite prominent. The semi-annual monetary policy and CPI data are worth paying attention to.
New EU regulations require cryptocurrency exchanges to comply with travel rule guidelines and strengthen anti-money laundering measures. Exchanges like Deribit need to improve KYC in order to operate normally.
The EU's Markets in Crypto-Assets Regulation (MiCA) has come into full effect, and compliant exchanges like Kraken are gradually delisting stablecoins such as USDT in Europe. The cryptocurrency market continues to be sluggish, with Bitcoin oscillating below $100,000. Altcoins have generally seen significant declines over the past month, and the wealth effect in the market has weakened, with enthusiasm gradually turning into pessimism.
In terms of options, the implied volatility (IV) for the full term continues to decline, with the at-the-money IV for the current month dropping below 50% and the quarterly at-the-money IV below 55%. Market speculation is not very intense. Recently, there has been a significant amount of trading in large call options, mainly driven by large holders adjusting their positions.
