ChainCatcher news, according to Matrixport’s latest weekly report, macroeconomic and market sentiment fluctuations have had a significant impact on the crypto asset market. Global funds are returning to traditional financial markets, exacerbating the downward pressure on crypto assets. Although U.S. stocks linked to non-agricultural data drove BTC up in the short term, as a risk asset, BTC fell back with U.S. stocks.

Tokens with small and medium market capitalization performed better than BTC, showing that the crypto market is still highly speculative during the return of funds. BTC is fluctuating around $60,000, with significant selling pressure and has yet to form a stable upward trend. ETH demand is weak and price performance has been weaker than BTC despite support from decentralized applications.

Rising global economic uncertainty has driven up options market volatility, and institutions have used options to hedge market risks. Before the U.S. election in November, the options market volatility was expected to reach its peak, and institutions avoided severe fluctuations by making arrangements in advance. The launch of Bitcoin ETF has enlivened the crypto options market, and institutions tend to profit from volatility trading. Crypto arbitrage opportunities are reduced, funds are turning to traditional financial markets, liquidity is tight, and volatility trading has become an important strategy.