The Bank of Japan is preparing to decide on Tuesday to end its yield curve controls and purchases of risky assets, Nikkei reported. Yesterday (18 MAR) was relatively calm overall, and the market was still waiting for the announcement of the Bank of Japan’s decisions today and the major central banks next week. In the United States, the three major stock indexes rebounded, with the Dow rising 0.2%, and the S&P and Nasdaq closing up 0.6% and 0.82% respectively.

Source: SignalPlus, Economic Calendar

Source: Binance & TradingView, BTC gives up all gains since March

In terms of digital currencies, BTC and ETH are still fluctuating sharply downward, giving up almost all the gains since March, closing at 64400 (-5.57%) and 3347 (-7.67%) respectively. In terms of options, the short-term option IV during the week rose sharply amid the panic that it may fall below the support level. Vol Skew once again tilted like a put option. The Vol Premium on the BTC Put side was nearly 5 to 10% higher than the Call. ETH reached a higher level. An exaggeration of 10% to 20%. On the other hand, BTC's mid-IV has a depression. From the perspective of transactions, it is mainly dominated by the Sell Call at the end of March and the Sell Put at the end of April. The selling pressure of ETH in March is also significant, both from the bulk selling of 3600/3250/3200 Put and the Sell Call Flow of 4400-4800 on the options chain.

Source: Deribit (as of 19 MAR 16:00 UTC+ 8)

Source: SignalPlus, IV surged during the week

Source: SignalPlus, front-end Vol Skew goes down again

Data Source: Deribit, ETH transaction distribution

Data Source: Deribit, BTC transaction distribution, sell Call at the end of March, sell Put at the end of April

Source: Deribit Block Trade

Source: Deribit Block Trade