Following Chairman Powell's speech, yesterday (2 APR) Daly and Mester of the Federal Reserve also tried to withdraw any expectations of an upcoming rate cut. Daly mentioned that the three rate cuts currently widely expected by the market are a baseline but cannot be guaranteed. At the same time, he said that continued rise in oil prices will become a problem. The 10-year US Treasury yield once broke through 4.4% and then fell back to 4.365%, and the two-year yield is still fluctuating above 4.7%. The three major US stock indexes were affected by the risk aversion caused by this, and all closed down around -1%, which was also dragged down by Tesla's sharp drop (-4.9%) due to its poor first-quarter financial report.
Source: SignalPlus, Economic Calendar; US non-farm payrolls, hourly wages and other data will be released this week
Source: SignalPlus & TradingView
In terms of digital currency, the price of BTC rebounded slightly around US$65,000, option volatility fell in parallel, and risk sentiment recovered. In the past day, BTC saw a large number of put option sales at the two water levels of 64,000 and 60,000. At the same time, towards the end of April Later, call options with strike prices above 70,000 appeared again. In terms of ETH, the 8500 group 26 APR 24 2600 vs 3100 sell put spread has become the focus of the market, and there are also a large number of bullish strategy transactions.
Source: Deribit (as of 3 APR 16:00 UTC+ 8)
Source: SignalPlus, ATM Vol
Source: SignalPlus, Vol Skew
Data Source: Deribit, ETH transaction distribution
Data Source: Deribit, BTC transaction distribution
Source: Deribit Block Trade
Source: Deribit Block Trade
