Crypto market rebounds, FOMC returns to focus 😎
BTC quickly approached $28K, while ETH was above $1.9K; as the price broke through the recent range, BTC futures saw the largest short liquidation since mid-April, financing rates remained positive, and IV also rose briefly, but the market can still see Continued selling, especially as the debt ceiling issue becomes irrelevant.
In the past 24 hours, the market has seen active buying of BTC call options with exercise prices between 27.5k and 28k. The open interest in BTC call options still significantly exceeds that of put options, with a ratio of close to 2:1; in addition, on-chain analysis data The results are still not very positive, with active addresses falling by about 7% in the recent rebound, and stablecoin inflows and NFT transactions also continuing to decline.
As political and banking tail risks recede and the FOMC returns to focus, medium-term prices are expected to continue to follow the path of terminal interest rates. If the FED is more dovish than expected, it will play a large role in maintaining the current price rebound.
BTC quickly approached $28K, while ETH was above $1.9K; as the price broke through the recent range, BTC futures saw the largest short liquidation since mid-April, financing rates remained positive, and IV also rose briefly, but the market can still see Continued selling, especially as the debt ceiling issue becomes irrelevant.
In the past 24 hours, the market has seen active buying of BTC call options with exercise prices between 27.5k and 28k. The open interest in BTC call options still significantly exceeds that of put options, with a ratio of close to 2:1; in addition, on-chain analysis data The results are still not very positive, with active addresses falling by about 7% in the recent rebound, and stablecoin inflows and NFT transactions also continuing to decline.
As political and banking tail risks recede and the FOMC returns to focus, medium-term prices are expected to continue to follow the path of terminal interest rates. If the FED is more dovish than expected, it will play a large role in maintaining the current price rebound.