Viewpoint: The correlation between the crypto market and the US stock market may continue to rise
Odaily reported that Greeks.live macro researcher Adam posted on X, stating that as the market rebounds, BTC's GEX is concentrated at $60,000, and the previously scattered GEX positions have become centralized, mainly in weekly and monthly options. The largest macro event this week is SpaceX's IPO on June 12. As the world's largest IPO, the liquidity impact on U.S. stocks is noteworthy.
Recently, U.S. stock market volatility has been high, exerting a significant impact on the crypto market. Many crypto market investors are pouring into the U.S. stock market, and the correlation between the crypto market and the U.S. stock market may continue to rise. The IV for options expiring this week has increased significantly, and the proportion of block trades continues to climb. Investors are positioning defensively for the near term, with a strong demand for short-term option buying.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Bank of Japan's interest rate hike still fails to impress the market! Hedge funds slash yen long positions by nearly 80%, while dollar long positions increase significantly
After the Bank of Japan failed to deliver a clear enough signal of further interest rate hikes to the market, hedge funds have significantly reduced their bullish bets on the yen.
US Treasury yields continue to rise! Cleveland Federal Reserve President: Government and AI compete for funds, fueling rate hike expectations
Cleveland Federal Reserve President Loretta Mester stated on Friday that the recent sustained rise in long-term U.S. Treasury yields is the result of multiple factors working together.
Crypto prices
More
