Essential for Bitcoin investment, key events of the week preview (12/30-1/5)
The annual delivery market after Christmas has passed smoothly, as major exchanges and traders in Europe and America stay away from the market, resulting in a slight downward trend in the cryptocurrency market and traditional capital flows being cut off. Various positive expectations for 2025 will gradually be fulfilled, and the inflow of traditional capital will continue to stimulate the cryptocurrency market.
The new regulations from the European Union require cryptocurrency exchanges to comply with travel rule guidelines and strengthen anti-money laundering measures. Exchanges like Deribit need to improve KYC to operate normally.
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Key events of the week:
12/30 Monday
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The new EU regulations require cryptocurrency exchanges to comply with travel rule guidelines and strengthen anti-money laundering measures, with the "Markets in Crypto-Assets (MiCA)" regulation coming into effect.
1/2 Thursday
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U.S. initial jobless claims for the week (21:30)
1/3 Friday
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U.S. December ISM Manufacturing PMI (23:00)
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Cryptocurrency market outlook:
Bitcoin continues to struggle below $100,000. This week is the New Year holiday, and major trading forces in Europe and America remain outside the market, leading to tight funding.
Last week, $18 billion in options expired in the options market, accounting for over 40% of total open interest. Now, large players and market makers have ample funds, making it difficult for IV to rise.
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In terms of the cryptocurrency interest rate market, Bitfinex's interest rate market has been relatively stable recently. Suitable interest rate orders can be actively executed, especially during significant market movements.