After so many years, this is the first time I have seen such an obvious bull market. The reasons for the rise are also obvious to everyone. It seems to be clear. It is really a strange bull market. The key is that the mainstream cottage has basically not moved yet, and the big cake keeps pulling. Hahaha, I don’t know what it will look like later. It’s really interesting.
This month’s BTC market is likely to be strongly related to the macro news of the Fed’s interest rate cut, while the ETH trend is mainly affected by the news of ETF approval.
On June 7, Greeks.live macro researcher Adam posted on social media that 18,000 BTC options expired, the Put Call Ratio was 0.67, the maximum pain point was 70,000 US dollars, and the nominal value was 1.25 billion US dollars. 260,000 ETH options expired, the Put Call Ratio was 0.64, the maximum pain point was 3,650 US dollars, and the nominal value was 1 billion US dollars.
This week, the Bank of Canada and the European Central Bank initiated interest rate cuts, and the entire venture capital market performed well. The crypto market is now driven by the dual wheels of BTC ETF and ETH ETF. The macro and news aspects are clearly differentiated, and the market atmosphere is relatively optimistic.
Now the IV of each major term of BTC is around 50%, and the IV of each major term of ETH is around 55%, both of which have fallen to a reasonable level. The cross-currency IV difference mentioned last week can be sold for profit. This month's BTC market is likely to be strongly related to the macro news of the Fed's interest rate cut, while the ETH trend is mainly affected by the news of ETF approval.
In addition, I will teach you another trick:
Click on the yellow currency symbol in the post (for example, $BNB ) to buy and sell spot directly, and click on the rectangular currency price chart below the yellow currency symbol or at the end of the article to trade contracts directly. You can try it, it is really convenient.
