The BTC spot ETF successfully passed on schedule last week and started trading, the market game was very intense, and finally ended with a big crash over the weekend. The US stock market is closed on Monday, and the ETF will resume trading on Tuesday evening, when the market activity will still be very high and investors need to pay extra attention. On the macro front, there is no important data this week, and it is clear that the cryptocurrency sector will go on an ETF-led standalone market these days.
1/15 Monday *
💼U.S. stock market closed
🎤World Economic Forum Annual Meeting in Davos
🗒 U.S. senators ask SEC to provide report on X account breach to Congress
1/17 Wednesday *
💼 China's annual GDP growth rate for 2023
💼 U.S. retail sales data for December
1/18 Thursday **
💼 Fed releases brown book on economic conditions
💼 US initial jobless claims for the week
💼 ECB publishes minutes of December monetary policy meeting
📌 The smooth passage of the BTC spot ETF brought huge volatility to the market, but we can observe that while the RV is rising, the major term options IV is falling instead, and is now below 60% across the full term, which is in line with our prediction last week.The ETF will still bring short-term volatility, and the breakeven ratio of the LONG GAMMA is very high right now.IV continues to plunge in the Not much room to short a lot of volatility
📌 Crypto interest rate market, with the market fluctuating sharply to reduce the overall leverage level, the interest rate market has entered the low water mark, the first few weeks to recommend friends high interest lending orders to seize, short-term interest rates are difficult to rebound.