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The cryptocurrency market is changing rapidly!
This week's major events and potential crises!
As Christmas approaches, major exchanges in Europe and America will be closed on Wednesday, and the outflow of cryptocurrency funds has become the norm. Now, as ETFs serve as a key external funding source for the cryptocurrency market, the pressure from their outflow far exceeds the past, and market risk aversion is shrouded like a haze.
This week's major events are lined up:
On Monday, MicroStrategy is expected to join the Nasdaq 100 index;
On Tuesday, the Bank of Canada and the Reserve Bank of Australia will successively announce the minutes from their December monetary policy meetings;
On Thursday, the number of initial jobless claims in the U.S. for the week will be revealed;
On Friday, the Bank of Japan will also publish summaries of opinions from relevant meeting deliberation members.
In terms of market outlook, Bitcoin has fallen below $100,000, and Ethereum has also dropped below $3,300. Given that this round of the bull market has not experienced a significant correction, combined with tight funds during the Christmas holiday, there is a high likelihood that the market will initiate a deleveraging wave before Trump takes office, and risk aversion will continue to rise.
In the options market, nearly $12 billion in options are set to expire, accounting for over 40% of the total open interest, with large traders and market makers busy adjusting their positions. Volatility during this week's Christmas period may be limited, with market focus shifting more towards the market trends before and after Trump takes office at the end of January. In the cryptocurrency interest rate market, the Bitfinex interest rate market has recently remained relatively stable, temporarily holding a calm amidst the undercurrents.
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