Greeks.live: Bitcoin continues to fluctuate below $100,000, with a weak wealth creation effect in the market
ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that this week's macro aspects worth noting are the news from the US and Europe regarding the Russia-Ukraine conflict. The Russia-Ukraine war has been a significant reason for the rise in commodity prices, and any changes in the situation could alter the current overall inflation logic.In terms of cryptocurrency, this week marks the opening of Consensus in Hong Kong, with many related conferences. At the same time, FTX will begin repaying creditors, which is also worth paying attention to. The EU's Markets in Crypto-Assets Regulation (MiCA) has come into full effect, and compliant exchanges like Kraken are gradually delisting stablecoins like USDT in Europe.The cryptocurrency market remains sluggish, with Bitcoin continuing to fluctuate below $100,000. The drama surrounding Milei's token issuance has exacerbated the downturn in altcoins, resulting in a weak wealth effect in the market and a very pessimistic sentiment. In options, the implied volatility (IV) for the full term continues to decline, with the at-the-money IV dropping to 45% this month, mainly driven by large traders adjusting their positions.