Greeks.live: Bullish momentum is weak, and crypto market participants believe macroeconomic data no longer influences market trends
Svmuu News: Adam, a macro researcher at Greeks.live, posted on X that the situation in the Middle East has driven recent movements in gold and silver prices, and macroeconomic data has also had some impact, but cryptocurrencies are currently in a phase that is testing investors’ patience. U.S. CPI data will be released tonight at 9:30 PM. An examination of cryptocurrency IV reveals a significant decline compared to a week ago, indicating that crypto market participants generally believe macroeconomic data no longer impacts the crypto market. The rebound in Skew metrics driven by the rally at the beginning of the month has ended; metrics have now fallen back to pre-holiday levels. Market sentiment is weak, bullish momentum is lacking, and the market is highly sensitive to volatility.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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