Bitcoin Investing Essentials, Biggest Events (6/24-6/30)
The macro events are concentrated on Thursday and Friday, just in time for quarterly delivery, and as the crypto market saw a big decline today, option IVs for the month saw a significant rise, but are still at a low level.
The crypto market is weaker at the moment, the ETH ETF should have news in the near future, but it is difficult to support the current market confidence, and it is more cost effective to pick up some market maker closeout orders in the short term.
🌟 Heavyweight events this week:
6/25 Tuesday*
đź’Ľ U.S. Bankruptcy Court plans next hearing on FTX
6/27 Thursday *
đź’Ľ Fed announces results of annual bank stress tests
đź’Ľ US initial jobless claims for the week
đź’Ľ First televised debate between Biden and Trump on topics related to the economy, inflation and more
6/28 Friday*
đź’Ľ U.S. core PCE price index for May
đź’Ľ U.S. final University of Michigan consumer confidence index for June
đź“Ś Crypto Market Outlook:
The crypto market has shifted from optimism to pessimism, most of the current altcoins have already collapsed, and it is really hard for the crypto market to get better without the two big flags of BTC and ETH being set up. At present, the overall IV has rebounded, picking up some market maker's closeout orders is more cost-effective.
đź“Ś crypto interest rate market, Bitfinex spot large accounts are quieter, Bitfinex interest rate market is more sluggish, encountering the right interest rate orders can be actively traded.
The crypto market is weaker at the moment, the ETH ETF should have news in the near future, but it is difficult to support the current market confidence, and it is more cost effective to pick up some market maker closeout orders in the short term.
🌟 Heavyweight events this week:
6/25 Tuesday*
đź’Ľ U.S. Bankruptcy Court plans next hearing on FTX
6/27 Thursday *
đź’Ľ Fed announces results of annual bank stress tests
đź’Ľ US initial jobless claims for the week
đź’Ľ First televised debate between Biden and Trump on topics related to the economy, inflation and more
6/28 Friday*
đź’Ľ U.S. core PCE price index for May
đź’Ľ U.S. final University of Michigan consumer confidence index for June
đź“Ś Crypto Market Outlook:
The crypto market has shifted from optimism to pessimism, most of the current altcoins have already collapsed, and it is really hard for the crypto market to get better without the two big flags of BTC and ETH being set up. At present, the overall IV has rebounded, picking up some market maker's closeout orders is more cost-effective.
đź“Ś crypto interest rate market, Bitfinex spot large accounts are quieter, Bitfinex interest rate market is more sluggish, encountering the right interest rate orders can be actively traded.
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