ChainCatcher news, Greeks.live analyst Adam Yu X said in a post that the importance of macro events this week is average. At present, the German and American governments have stopped selling cryptocurrencies, and cryptocurrencies have rebounded immediately, and market sentiment has effectively improved.

In terms of encryption, the SEC should respond to the ETH ETF this week, but there is no effective news yet, and the market's enthusiasm for ETFs has been significantly lower.

Looking back at July, the cryptocurrency market experienced the worst period. Under the huge pressure of the German government's selling, BTC and ETH fell sharply. But as the selling was completed, cryptocurrencies also rebounded significantly. The overall IV level rebounded, but it was suppressed by a large amount of funds for quarterly delivery, and only the short-term IV rebounded significantly.

This week's major events include US President Biden's national television speech, the US June retail sales monthly rate, speeches by several Federal Reserve directors, and the announcement of the European Central Bank's main refinancing rate.