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Greeks.live: Recently, cryptocurrencies have been moving independently, with limited influence from the macro market. Now is a good opportunity to buy options

Greeks.live: Recently, cryptocurrencies have been moving independently, with limited influence from the macro market. Now is a good opportunity to buy options

Bitget2024/12/08 23:38

Adam, a macro analyst at Greeks.live, posted on the X platform stating that the cryptocurrency market is booming, with ETFs maintaining an inflow trend. Both BTC $100,000 and ETH $4,000 integer thresholds have been broken through. This week there are important data such as CPI and European Central Bank interest rates, but recent cryptocurrencies have been moving independently of the macro market's limited influence. The flow of funds towards ETFs and crypto-related US stocks deserves much attention.

Bitcoin successfully broke through $100,000; altcoins are all rotating upwards resulting in several mainstream coins multiplying in value. Market capital inflows are strong and bulls are very dominant in the spot bull market. The options market is relatively stable; block trades and market interest rates deserve attention. Currently, the main term IV is at a low level; short-term IV has significantly fallen back - now that the bull market situation is strong it's a good opportunity to buy options.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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