Europe

Greeks.Live: The return of European and American funds provides significant support for BTC, and a continued rebound is expected this week

ChainCatcher news, Greeks.Live analyst Adam posted on social media that as European and American traders return to the market, the flow of cryptocurrency and traditional funds is restarting, and the market is expected to continue rebounding this week. Trump will officially take office as President of the United States later this month, and market sentiment is generally optimistic.Adam pointed out that this Friday's unemployment rate and non-farm data will be one of the most important macro data points before Trump's inauguration, second only to next week's CPI data.In terms of market outlook, the return of European and American funds provides significant support for BTC, while altcoin markets have not fully launched, with only a few sectors like AI performing well. Large holders and institutions have ample margin, and there has been a recent increase in large bullish options transactions. From an event-driven perspective, options at the end of January are relatively undervalued, while those in March are relatively overvalued.Important events this week include:January 7: NVIDIA CEO Jensen Huang will deliver the opening keynote speech at the CES conference in Las Vegas.January 8: The United States will announce the December ADP employment numbers and the initial jobless claims for the week.January 10: The United States will release the December unemployment rate and seasonally adjusted non-farm payroll data.

Analyst: Major trading platforms in Europe and the United States will be closed for Christmas, and a deleveraging market before Trump's inauguration cannot be ruled out

ChainCatcher message, Greeks.live analyst Adam posted on social media that this Wednesday is Christmas, and major trading platforms in Europe and the United States will be closed for the holiday, with crypto funds typically showing outflows this week.Currently, ETFs are the main source of external funds for the crypto market, and the pressure from fund outflows on the crypto market has significantly increased compared to previous years, with strong risk-averse sentiment in the market. This bull market has not yet experienced a significant correction, and now with the Christmas holiday, funds are relatively tight. It is possible that there will be a deleveraging event before Trump's inauguration, with a strong risk-averse sentiment in the market.The options market has nearly $12 billion in options expiring, accounting for more than 40% of the current total open interest. Large traders and market makers are actively adjusting their positions, and paying close attention to the market can occasionally yield good opportunities for bargains. The volatility expectation for this week's Christmas is not high; the market is more focused on betting on the trends before and after Trump's inauguration at the end of January. Recently, it remains a good opportunity to buy options.

The European Securities and Markets Authority has released the final guidelines for the implementation of the MiCA cryptocurrency regulation

ChainCatcher news, according to CoinDesk, the European Securities and Markets Authority (ESMA) released its final guidance on Tuesday to assist member states in implementing the upcoming regulations. ESMA published the final report on reverse solicitation, systems, the potential classification of cryptocurrencies as financial instruments, and technical standards for preventing market abuse.The EU's dedicated regulation for the cryptocurrency industry, the Markets in Crypto-Assets (MiCA) regulation, is set to come into effect on December 30 across 27 member states. However, some countries have yet to develop legislation to implement MiCA. The Bank of Portugal stated on Monday that, as the legislation has not yet been passed, it is currently unclear which national authority will be responsible for these rules. Industry associations noted that part of the delay in national authorities is due to the short time gap between ESMA's release of the final technical standards in October and the implementation date.ESMA Chair Verena Ross stated, "Looking ahead, as the transition period progresses, we will continue to provide guidance and work with all national competent authorities (NCAs) to ensure the smooth implementation of MiCA and support a level playing field through regulatory convergence actions."
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