Analysis: The cryptocurrency market correction shows no signs of ending yet, with a key focus on this week's non-farm payroll and unemployment rate data.
BlockBeats News, September 1st, Macro Researcher Adam from Greeks.live shared a post stating that this week the main BTC implied volatility remained stable at 37%, while ETH's major maturities fell below 70%, with short-term falling below 65%, still almost double that of BTC. The pullback has been going on for over half a month, with no sign of ending yet, making it relatively cost-effective to bottom fish in short-term options.
There are many macro events this week, with Friday's non-farm payroll and unemployment rate data being quite important. The Federal Reserve's impact on the macro market this month will be significant, and its impact on the crypto market will be more direct. At the same time, WLFI went live on the Ethereum mainnet today as one of the most important TGE projects recently. The massive amount of new tokens needs to absorb market existing funds, creating significant market pressure.
You may also like
Gainers
Latest Crypto News
HSBC: Now is a good time to increase exposure to risk assets, as market sentiment and positioning have been significantly hit
Federal Reserve Governor Waller: Advocates for Rate Cut at December Meeting, Expects Inflation to Start Falling
Nasdaq-listed company Enlivex Therapeutics plans to raise $212 million to establish the RAIN Token Treasury.
The former "Top BTC Long on Hyperliquid" bought the dip on BTC and ETH but suffered heavy losses. They recently withdrew and exited the market.
Circle: Products such as USDC, CCTP, and Circle Wallets have been launched on the Monad network
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com