Greeks.live released this week’s market outlook: This week is a macro week. The U.S. unemployment rate data and some major central bank interest rate decisions are noteworthy. The main crypto-related events are the SEC’s application for a resolution on Fidelity Ethereum Spot ETF, but it passed It's highly unlikely, and the market now agrees it's impossible.
At present, the spot buyers in the mainstream currency market are still very strong, and they are very expected to reach new highs this week. At the same time, derivatives data became increasingly active last week, and the market leverage level gradually increased. The strong spot bull market has driven market sentiment, and there is a greater expectation of an acceleration in the upward trend.
3/5 Tuesday*
U.S. SEC will make a decision on Fidelity’s Ethereum spot ETF application
Wednesday 3/6*
U.S. February ADP employment numbers
Bank of Canada interest rate decision
Thursday 3/7**
ECB main refinancing rate
Number of Americans filing initial jobless claims this week
Federal Reserve releases Beige Book on economic conditions
3/8 Friday***
U.S. unemployment rate in February
U.S. nonfarm payrolls in February seasonally adjusted
BTC is now in a spot bull market, which is gradually driving the derivatives bull market. BTC's main term option IV has returned to more than 70%. It has now returned to the higher level before the FTX thunderstorm, far exceeding last year's average level.
In terms of the crypto interest rate market, the market has recently become active again, but the green leaf interest rate market is relatively sluggish.