2024.3.22 Daily Update: Crypto market volatility has increased significantly this week, with 25,000 BTC options and 250,000 ETH options about to expire, worth up to US$1.7 billion and US$890 million. The Put Call Ratio of BTC options is only 0.56, and the pain point is $67,000; the Put Call Ratio of ETH options is 0.51, and the pain point is $3,500. The market rebound last weekend failed, and the price of Bitcoin failed to hold $70,000, causing the rally to be frustrated and the market to have a major correction. At the same time, the demand for Put has surged, and the implied volatility of the term has soared. However, Put positions have declined, a large number of Put positions have been liquidated with profits, and the market FOMO sentiment has significantly decreased.
Account situation: The total capital continues to hit a new high today, remaining at 550,000+ (including dividends), with a principal of 150,000, and a rate of return of 300+%.
The total equity of the contract account is 510,000, the total position is 306,000, 51 varieties, 208 pending orders, and the transaction winning rate is as high as 70+%. Today's position has not changed much compared to yesterday.
Today’s changes: SELL zrx(0.905), ldo(2.88), bake(0.44), fil(8.8). BUY btc (64377). Keep your positions low and wait for the market to fall.
Risk warning: Leverage is not a devil, it is just a tool to improve capital utilization. Leverage itself has no risk, the real risk comes from human nature.
