According to Odaily, this week marks Thanksgiving, with significant economic events and data releases scheduled for the Wednesday before the holiday. U.S. stock markets will be closed on Thursday and Friday, and recent volatility in crypto-related stocks has shown a strong correlation with the cryptocurrency market, warranting close attention.
Bitcoin is nearing the $100,000 milestone, just a step away from reaching this significant threshold. Last week, Ethereum experienced a substantial rebound, which spurred a broad increase in altcoin prices. The market sentiment is shifting from meme coins back to the main market. Over the weekend, there was a slight pullback, but the market's capacity to absorb this was strong, indicating a robust bull market in the spot market. The bullish sentiment remains dominant. The options market is relatively stable, with block trades and market interest rates being areas of interest. Currently, the implied volatility (IV) for major maturities is at a relatively low level, presenting a favorable opportunity to invest in mid-to-long-term options as the bull market gains momentum.
In the crypto interest rate market, Bitfinex's interest rate market has remained relatively stable recently. It is advisable to actively engage in transactions when suitable interest rate orders arise, especially during market movements. This stability and the potential for advantageous trades make it a noteworthy area for investors to monitor closely during this period.
