Yesterday (June 20), in the macroeconomic sphere, the number of initial jobless claims in the United States last week slightly exceeded expectations (235,000), recording 238,000. Additionally, May’s new housing starts decreased by 5.5%, the lowest level in four years. U.S. Treasury yields remained slightly volatile and closed lower, while the three major stock indices showed mixed results: the S&P 500 and the Nasdaq fell by 0.25% and 0.79%, respectively, while the Dow Jones Industrial Average rose by 0.77%.
Source: Farside Investors
In the cryptocurrency market, BTC spot ETFs experienced significant outflows for several consecutive days, with the price continuing to decline and breaking the $64,800 support level, currently fluctuating around $64,000. The options market sentiment was poor, with BTC showing a significant Long Risky Flow of buying puts and selling calls at the end of June. Similarly, ETH at the end of July reflected strong selling pressure on bullish options, causing the overall market Vol Skew to move downward. Meanwhile, the implied volatility levels were also decreasing, with BTC/ETH dropping by approximately 3%/7%. Data from the past three months shows that BTC ATM IV is approaching a historical low.
Source: Deribit （As of 21 JUN 8:00 UTC）
Source: SignalPlus, Overall IV levels declined, with BTC falling to a historical low.
Source: SignalPlus, Due to intraday trading impact, the mid-to-front end Vol Skew collapsed, with a slight rise in the far end.
Data Source: Deribit, Overall Distribution of ETH Transactions
Data Source: Deribit, Overall Distribution of BTC Transactions, 28 JUN 24 Risky Flow
Source: Deribit Block Trade
Source: Deribit Block Trade
