Bitcoin investment must-have, this week's heavyweight events
There are fewer macro events this week and they don't affect the macro market, the cryptocurrency world is dominated by the approval of ETH ETFs, but it's unlikely that they will go straight through to listing, and less volatility is expected. Volatility in the crypto market has been dropping fast recently, IV is dropping fast, and ETF funding and Block data is still worth watching.
🌟 Heavyweight events this week:
Tuesday 5/28 *
💼 U.S. stock trading settlement cycle goes from T+2 to T+1
💼 London Stock Exchange accepts applications to list Bitcoin & Ether ETNs
Wednesday 5/29 *
💼 U.S. SEC to Announce Decision to List Spot Bitcoin ETF Options for Trading
Thursday 5/30**
📝 US Fed releases Brown Book on economic conditions
💼 US initial jobless claims for the week
Friday 5/31**
💼 U.S. Initial Jobless Claims for the week
💼 U.S. Core PCE Price Index for April
💼 OKX HK withdraws VASP license application, only supports HK users to withdraw coins after May 31st
📌 Crypto Market Outlook:
Bitcoin ETFs Still Maintain Inflows as U.S. Meme Winds Recede ETH led the overall cryptocurrency market, ending May on a higher note inspired by ETH, after April became the deepest month of pullback in almost a year. Volatility in the market is expected to be low, with IVs falling back across all major terms. In the short term, you can choose lower IV terms and prices and buy options appropriately, which are still very cost-effective.
📌 Crypto interest rate market, Bitfinex spot large accounts began to continue to bottom out, the BFX interest rate market can often be encountered in the 20% annualized interest rate orders, encountered the right interest rate orders can be actively transacted, the use of high-interest mode may be a surprise.
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