Bitcoin investment must-have (11/11-11/17)
this week's heavy events first look,The U.S. election ended with a big win for Trump, and bitcoin broke through a new all-time high in tandem, while driving several main coins up, and market sentiment is now very high. The cryptocurrency sector is now independent of other markets and often important fundamental turns are first manifested in the cryptocurrency sector, with last Friday's rate meeting deciding to cut rates by 25Bp and the fundamentals of the rate cut cycle underpinning the investment market.
Option parity IV has fallen below 60% this week, seller power is strong and is selling against a big market.
🌟 Heavyweight events this week:
11/12 Tue.
💼 Fed Governor Waller speaks at banking conference (23:00)
💼 2024 FOMC Voter and Richmond Fed President Balkin speaks (23:15)
11/13 Wednesday
💼 US CPI for October (21:30)
💼Speeches by a number of FOMC Voting Committee members
11/14 Thursday
💼 ECB publishes minutes of October monetary policy meeting (20:30)
💼 US initial jobless claims for the week (21:30)
💼 US PPI for October (21:30)
💼 U.S. President Joe Biden, Australian Fed President Bullock, and a number of FOMC Voting Committee members speaking
11/15 Friday
💼 US Monthly Retail Sales for October (21:30)
💼 Speech by Fed Chair Powell, BoE Governor Bailly, and a number of FOMC Voters
📌 Crypto Market Outlook:
The US election ended with a big win for Trump and the decision to cut rates by 25Bp at last Friday's rate meeting was met with a strong reaction from the crypto market, with Bitcoin breaking out to new all-time highs, with strongly bullish funding rates and futures uplift, and on the Municipal options side, with option parity IV having fallen below 60% this week, seller power is strong and is selling against a big market. With Bitcoin short term skew up sharply at the moment, but mid to long term skew down, the options market is yet to see what the giant whale will do.
📌 On the crypto rate market, the Bitfinex rate market has been relatively flat lately, with occasional 20% high interest orders, and it is worthwhile to aggressively trade the right rate orders when you come across them, especially when there is a market for them to be paid special attention to.
Option parity IV has fallen below 60% this week, seller power is strong and is selling against a big market.
🌟 Heavyweight events this week:
11/12 Tue.
💼 Fed Governor Waller speaks at banking conference (23:00)
💼 2024 FOMC Voter and Richmond Fed President Balkin speaks (23:15)
11/13 Wednesday
💼 US CPI for October (21:30)
💼Speeches by a number of FOMC Voting Committee members
11/14 Thursday
💼 ECB publishes minutes of October monetary policy meeting (20:30)
💼 US initial jobless claims for the week (21:30)
💼 US PPI for October (21:30)
💼 U.S. President Joe Biden, Australian Fed President Bullock, and a number of FOMC Voting Committee members speaking
11/15 Friday
💼 US Monthly Retail Sales for October (21:30)
💼 Speech by Fed Chair Powell, BoE Governor Bailly, and a number of FOMC Voters
📌 Crypto Market Outlook:
The US election ended with a big win for Trump and the decision to cut rates by 25Bp at last Friday's rate meeting was met with a strong reaction from the crypto market, with Bitcoin breaking out to new all-time highs, with strongly bullish funding rates and futures uplift, and on the Municipal options side, with option parity IV having fallen below 60% this week, seller power is strong and is selling against a big market. With Bitcoin short term skew up sharply at the moment, but mid to long term skew down, the options market is yet to see what the giant whale will do.
📌 On the crypto rate market, the Bitfinex rate market has been relatively flat lately, with occasional 20% high interest orders, and it is worthwhile to aggressively trade the right rate orders when you come across them, especially when there is a market for them to be paid special attention to.
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