SignalPlus Volatility Column (20240311): BTC jumped before the close, officially announcing the arrival of the 7-digit era

特邀专栏作者

2024-03-11 20:34 (UTC+8)

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In terms of digital currencies, although BTC retreated after reaching $70,000 yesterday, a surge before today's close officially announced that BTC has surpassed the $70,000 mark, setting a new historical high, and ETH has also reached $4,000 per coin as expected.

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Last Friday (8 MAR), the U.S. non-farm payrolls increased significantly by 275,000 in February, but at the same time the previous value was significantly revised down by 167,000, making this report appear weak; the unemployment rate soared from 3.7% to 3.9%, with an average hourly Month-on-month wage growth dropped to 0.1%, and the market began to reassess the possibility of an economic recession. Long-term U.S. bond yields came under pressure, with the ten-year bond currently at 4.078% and the two-year bond fluctuating slightly at 4.488%.

Source: SignalPlus,Economic Calendar, focusing on U.S. CPI data this week

Source: Binance TradingView, BTC successfully breaks through 7 W

In terms of digital currency, although BTC retreated after reaching $70,000 yesterday, a jump before todays close officially announced that BTC stood at the $70,000 mark, setting a new historical high, and ETH also reached $4,000 per coin as expected. The option implied volatility skyrocketed again with the price breakthrough, rewriting the recent historical highs. Among them, the periodic option IV of BTC surged by 20% to a level close to 100%. The overall reversal of ETH Vol Premium was also achieved, once again The markets attention was drawn to him. In terms of transactions, BTC transactions have been relatively lackluster in the past 24 hours, and a new round of transactions after the breakthrough has not yet arrived; in terms of ETH, before reaching 4000, retail investors mainly traded a large number of short call options in March. After the market closed, large volumes became active and transactions 16250 group April 4000 vs 5000 call spread, continues to be optimistic about the upside potential of ETH.

Source: Deribit (as of 11 MAR 16:00 UTC+8)

Source: SignalPlus

Data Source: Deribit

Source: Deribit Block Trade

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