昨天市场忙于在CPI公布前调整头寸，Bloomberg报导了纽约开盘时创下纪录的SOFR期货大宗交易，随后价格上涨/收益率下跌。

A new opportunity to “eat two fishes out of one fish”.

从交易上看，近期IV和RV差值带来的Vol Premium吸引到了看跌短期波动的交易，ETH本周3400的Put遭到大量抛售，而在BTC方面，这种观点更多是由Sell Put/Call Spread的方式实现，保护了极端情况下的损益。

Ethereum’s competitors look to Ethereum for answers, but Ethereum finds its answers in cryptography. This is the real difference between first-rate public chains and second-rate public chains.

Markets were relatively calm yesterday, providing a breather before a very busy schedule of data releases ahead. Cryptocurrency prices continue to rebound after liquidating leveraged longs over the past week, with prices just one step away from all-time highs, with various altcoins taking turns to show good performance.

我们真的需要开始考虑什么是上限，以及我们如何才能真正达到上限

With an increase of more than a thousand times in two weeks, is it a protocol innovation or a hot dog?

上周五强劲的非农就业数据再一次显示了美国就业市场的顽强，整体数据显著优于预期（30.3 万 vs 预期的 21.4 万）。在加密货币方面，价格有所反弹，BTC 重新接近 7 万美元。

本月，加密市场的注意力仍然集中在资金流而不是基本面上。美国的BTC现货ETF通过2个月后，出现了连续4天的净流出（3 月 18 日至 21 日期间净流出 8.36 亿美元），而第一梯队贝莱德和富达，以及其他基金的正流入，则抵消了灰度比特币信托GBTC 的流出，这表明我们正在见证一些资本转移。同时，我们看到，获利了结的矿工们和ETF净流入之间的博弈，正在推动推动震荡行情的持续。

在过去一周的行情中，比特币与以太坊的价格都有一定幅度的下跌，历史波动率与成交量都在 4.2 连续下跌时最大，未平仓量较周初都有下降。隐含波动率 BTC 与 ETH 较周初下降。此外，资金费率高位回落，表明合约交易情绪急剧下降。市场宽度指标整体市场进入较为弱势的阶段。在事件方面， 4.5 公布非农数据后主流币价格小幅下跌后反弹。

BTC once broke through $69,000 during the day and then fell back to around $67,000. The implied volatility level rose slightly by 1-2% Vol, but was still slightly lower than last week's 5-8% Vol. On the other hand, Vol Skew has not changed significantly and is still near the low 25th percentile of the historical three-month data.

The emergence of parallel EVM has the potential to reshape the landscape of decentralized applications and user experience.

Yesterday's U.S. economic data was mixed, with ADP employment data coming in stronger than expected this morning. On the crypto side, ETF inflows were noticeably stronger yesterday, with both Fidelity and Blackrock seeing large inflows, offsetting the unexpected outflows from ARK the day before.

The number of validators has soared, and the issue of staking centralization has once again attracted attention.

BTC price rebounded slightly around $65,000, option volatility declined in parallel, and risk sentiment rebounded.

The former "King of DeFi": I really don't understand, who can help me explain it?