Hotspot on February 1st——Block Vision Lab

Welcome everyone to read today's Block Vision Lab daily report to see what major events are happening today. The biggest thing last night was the Federal Reserve's decision. Not surprisingly, it would not raise interest rates, but the Fed's hawkish speech still put pressure on U.S. stocks. At present, the probability of the first interest rate cut is highest in May. The market will endure high interest rates for more than three months. The market is a little too optimistic about capital liquidity. In terms of crypto options data, with the successful implementation of the interest rate hike decision, all major short- and medium-term IVs have experienced a slight correction. It is foreseeable that the date option IV this weekend will be lower than 30%. The market is relatively weak. Although the current IV is low, the market still tends to continue selling call options.

The negative impact of grayscale is slowly declining, but currently the impact of grayscale is still quite large. However, when the negative impact of grayscale is reduced to 0, then the positive feedback of the Bitcoin spot ETF will appear. Under such circumstances, if there is no black swan/grey rhino incident, the price of Bitcoin should rise slowly in the next year. If there is major good news, the price will rise even more horribly. This is a relatively major benefit. The news is that the Federal Reserve has released water one after another. So before then, BTC will probably rise steadily.

The next focus should be on focusing on the Ethereum narrative. Even if Ethereum's Cancun upgrade is only launched on the test network, it can drive up the price of L2 currency, let alone the official launch of the Cancun upgrade later. However, the operation of the crypto market is subtle. We do not immediately enter the market when we see a long-term trend. For example, when the Cancun test of Ethereum was launched yesterday, the benefits brought by it led to the rise of L2. However, it is only a test network, and it will be some time before the Cancun upgrade mainnet is launched, so the increase it brings is only short-term. After this wave of profits has passed, do not continue to operate. It is a good time to operate when the currency price drops after the huge suppression (all the longs are eaten up).

In terms of airdrops, everyone has not done the Puffer Finance interactive task yet, but you should hurry up and watch the official account start to move, because there is no one. If you issue airdrops later, you can also drink some soup from the LRT track. Don’t think it’s just a little money. If you are too lazy to do it and give away money for free, then you have no meaning in this market.Puffer has also opened deposits today. I still don’t know how it works. As soon as these LRT projects come out, they will harvest all the ETH in the market. Let’s take a look at it in the afternoon. ZETA is going to be listed on CoinBase, and the application for airdrops is also open today. If you have the conditions, you can go and claim it. Because of the witch attack, many people in the top positions have been killed. The selling pressure after going online should not be that serious. There is also a lot of ecology. If you are not very short of money after listing on the exchange, it is recommended to hold it.

In addition, friends who have received Stephen Chow NFT before can go to MINT today. Due to the star effect and the intensity of publicity, I believe that it will not be much worse in the secondary market, unless it breaks.

Okay, that’s all the content of today’s daily report. Thank you all for your continued support of Block Vision Lab.

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