SignalPlus Volatility Column (20240626): Panic subsides

Yesterday (JUN 25), Bitcoin spot ETFs finally stopped outflows, and the uncert일체 포함nty reflected in the options market also basically fell. Since the Mentougou Compensation Trustee announced on June 24 that repayments would be initiated in early July, the pr얼음 of Bitcoin has fallen for a short time due to market panic. Alex Thorn, head of Galaxy Research, said in a post that the number of tokens ultimately allocated to individual creditors in the bankruptcy case was less than people thought, about 65,000 BTC (far lower than the 140,000 previously announced by the media), and the resulting Bitcoin selling pressure will be less than expected. This is mainly because some creditors chose debt acceptance (similar to FTXs packaged sale of debt) and received early payment, and the money eventually flowed to large institutions. In addition, the letter did not mention the specific repayment period, but it should not be too short, and these Mentougou creditors themselves are all early digital currency users who are proficient in technology. There is reason to believe that creditors clearly prefer long-term Bitcoin holders, so the maximum daily selling pressure is not exaggerated.

Source: Farside Investors; SignalPlus, ATM Vol.

Judging from the price trend of the currency yesterday, although the price rebounded to around 62,000 and the ETF temporarily ended the outflow of funds, it still cannot change the current negative sentiment and poor liquidity. Therefore, the next macro trend should be paid attention to, such as PCE this Friday, the speech of Fed Chairman Powell next Tuesday, and the hourly wage and non-agricultural data next Friday, which will affect the market repricing and capital flow.

Source: SignalPlus Economic Calendar, Important US economic events this week

Source: SignalPlus Economic Calendar, important US economic events next week

Source: Deribit (as of 26 JUN 16: 00 UTC+ 8)

In terms of trading, after the panic subsided, BTC saw bargain-hunting of call options in late June and July. In addition, a large transaction at the end of September was also particularly eye-catching. This strategy protected the remote positions by selling 190 ATM Calls worth 62,000 in exchange for 1,140 Puts worth 48,000 at almost zero cost.

Data Source: Deribit, overall distribution of BTC transactions

Data Source: Deribit, overall distribution of ETH transactions

출처: Deribit 대량매매

출처: Deribit 대량매매

ChatGPT 4.0 플러그인 스토어에서 SignalPlus를 검색하시면 실시간 암호화 정보를 얻으실 수 있습니다. 업데이트를 즉시 받으려면 트위터 계정 @SignalPlus_Web3을 팔로우하거나 WeChat 그룹(WeChat 보조자 추가: SignalPlus 123), Telegram 그룹 및 Discord 커뮤니티에 가입하여 더 많은 친구들과 소통하고 소통하세요. 시그널플러스 공식 홈페이지: https://www.signalplus.com

This article is sourced from the internet: SignalPlus Volatility Column (20240626): Panic subsides

관련 항목: a16z, BlackRock 및 Coinbase가 보유하고 있는 10개의 유망 토큰에 대한 간략한 살펴보기

원저자: Atlas, Crypto KOL 원문 번역: Felix, PANews 벤처 투자자들은 매일 다양한 알트코인에 수백만 달러를 투자하여 이러한 알트코인의 가격을 상승시킵니다. 최고의 벤처 캐피탈 기관과 고래의 지갑을 추적하고 보유 자산을 추적하면 초과 이익이 발생할 수 있습니다. Crypto KOL Atlas는 100개 이상의 펀드 지갑과 수익성 있는 고래를 스캔하고 지갑을 분석하고 모든 프로젝트를 검토한 후 a16z, BlackRock 및 Coinbase를 포함하여 Web3에서 가장 성과가 좋은 펀드를 선택했습니다. 보유하고 있는 가장 유망한 10가지 토큰은 다음과 같습니다. PANews 참고: 이 기사는 시장 정보를 제공하기 위한 것이며 DYOR의 투자 조언을 구성하지 않습니다. COMP(Compound Labs) 사용자가 풀 중 하나에 예치된 암호화폐에 대해 이자를 얻을 수 있도록 하는 대출용 DeFi 프로토콜입니다. 시장 가치: $386…