Trump takes office

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.
ChainCatcher Building the Web3 world with innovators