According to Odaily Planet Daily, Greeks.live macro researcher Adam said that the Bank of Canada announced a 25 basis point rate cut, which was in line with market expectations. The U.S. stock market continued to fall at the opening, and the leading Nvidia has fallen 20% in a week. The crypto market has also been falling recently due to the drag of the macro and U.S. stock markets, so the employment data in the next two days are worth paying attention to. If the economic data is weak, then the possibility of the Federal Reserve cutting interest rates by 50 basis points this month will be put on the table, which is conducive to stopping the decline of U.S. stocks and cryptocurrencies.
However, judging from the options data, except for the US election week, the implied volatility of other maturities is relatively stable. The big whales in the crypto market have not bet on big fluctuations this month, and generally believe that the market will be relatively stable.
