Greeks.live: crypto decline stalled last week, market recovering
Greeks.live Macro Researcher Adam said on the X platform that the winds of the Bank of Japan are shaping all risk assets, the recent hawkish comments from the BOJ have hit cryptocurrency prices sharply, and that this month will require continued focus on the BOJ's actions, with a large percentage of the global macro trade based on JPY as the underlying asset, a JPY rate hike would shake up the entire financial market. The huge downtrend of last week has stalled and the market is recovering, so IVs of all major durations have retreated. The cryptocurrency market maintained the broadly oscillating trend that has developed since March, with ETH in particular being more subdued and rates falling sharply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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