Opinion: The Correlation Between the Crypto Market and US Stocks May Continue to Rise

Adam, a macro researcher at Greeks.live, posted on X platform that as the market rebounds, BTC's GEX is concentrated at $60,000. The previously scattered GEX combination has become concentrated, primarily dominated by current-week and current-month options. The biggest macro event this week is SpaceX's listing on June 12. As the world's largest IPO, the liquidity impact on US stocks is worth watching.

Recently, US stock market volatility has been high, exerting significant pressure on cryptocurrencies. A large number of crypto market investors have recently flooded into the US stock market, and the correlation between the crypto market and the US stock market may continue to increase. The IV for options expiring this week has risen significantly, and the proportion of block trades has also continued to increase. Investors are positioning for near-term defense, and there is strong demand for short-term call options.