Greeks.live： Bitcoin continues to fluctuate below $100000, and the market is gradually turning pessimistic

Odaily Planet Daily News: Adam, a macro researcher at Greeks.live, stated in an article that there have been many important macro events this week, and the Federal Reserve and US economic data have a strong presence this week. The six-month monetary policy and CPI data are worth paying attention to. The new EU regulations require cryptocurrency exchanges to comply with travel rules guidelines, strengthen anti money laundering measures, and Deribit and other exchanges need to improve KYC before they can be used normally. The EU Cryptocurrency Market Act (MiCA) has come into full effect, and compliant exchanges such as Kraken are gradually removing stablecoins such as USDT from the European market. The cryptocurrency market continues to be sluggish, with Bitcoin fluctuating below $100000 and altcoins experiencing a significant decline in the past month. The wealth creation effect in the market has weakened, and the frenzy in the market has gradually turned pessimistic. In terms of options, the full term IV continues to decline, with the monthly average IV falling below 50% and the quarterly average IV below 55%. The market game is not intense. Recently, there have been many transactions of bulk call options, mainly involving large investors adjusting their positions.