ChainCatcher news, according to Matrixport’s latest weekly report, macroeconomic and market sentiment fluctuated, and global funds returned to traditional financial markets, exacerbating the downward pressure on crypto assets. U.S. stocks linked to non-agricultural data pushed BTC up in the short term, but as a risk asset, BTC fell back along 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 despite support from decentralized applications, the price has underperformed BTC.
Rising global economic uncertainty has driven up volatility in the options market, and institutions are using options to hedge market risks. Before the US election in November, volatility expectations in the options market reached a peak, and institutions avoided sharp fluctuations by making early arrangements. The launch of the Bitcoin ETF has invigorated the crypto options market, and institutions tend to use volatility trading to make profits. Crypto arbitrage opportunities have decreased, funds have shifted to traditional financial markets, liquidity is tight, and volatility trading has become an important strategy.
