Greeks.live: The cryptocurrency market is experiencing a significant adjustment due to the plunge in U.S. stocks, but the Bitcoin bull market continues

Golden Finance reports that Adam, a macro researcher at Greeks.live, stated that the cryptocurrency market has also undergone a significant adjustment due to the plunge in U.S. stocks like Nvidia and Tesla. Bitcoin has once again fallen below $100,000, with altcoins experiencing even sharper declines, leading to a shift in market sentiment towards pessimism.

In terms of options data, short-term implied volatility has slightly rebounded but remains at a low level, with the market's pricing for future volatility unchanged. The options skew and futures premium have also not shown significant changes. The prevailing view in the market regarding this adjustment is that it is influenced by the strength of the U.S. dollar and the decline of U.S. stocks. The trend for Bitcoin has not changed, and the bull market is still intact. If one chooses to buy the dip now, the short-term call option at $100,000 is very cost-effective, especially the weekly call option for Bitcoin.