Yesterday (20 JUN), in terms of macroeconomics, the number of initial jobless claims in the United States last week slightly exceeded expectations (235,000) and recorded 238,000. At the same time, the number of new housing starts in May fell by 5.5%, the lowest level in four years. The U.S. Treasury yields remained slightly volatile and closed down. The three major stock indexes rose and fell differently. The S&P and Nasdaq fell 0.25% and 0.79% respectively, and the Dow closed up 0.77%.

Source: Farside Investors

In terms of digital currencies, BTC spot ETFs have experienced massive outflows for several days in a row, and the currency price has continued its decline, breaking below the support level of $64,800, and is currently oscillating around $64,000. Sentiment in the options market is not good. BTC saw a significant Long Risky Flow of put calls at the end of June. ETH also reflected strong call option selling pressure at the end of July, driving the overall Vol Skew of the market to move downward. At the same time, the level of implied volatility is also declining, with BTC/ETH falling by about 3%/7% respectively. Judging from the data in the past three months, BTC ATM IV is close to historical lows.

Source: Deribit (as of 21 JUN 16: 00 UTC+ 8)

Source: SignalPlus, IV levels fall across the board, BTC drops to historic lows

Source: SignalPlus, affected by intraday trading, the mid-front Vol Skew collapsed, and the forward slightly rose

Data Source: Deribit, overall distribution of ETH transactions

Data Source: Deribit, BTC transaction overall distribution; 28 JUN 24 Risky Flow

Source: Deribit Block Trade

Source: Deribit Block Trade

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