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Huobi Global Weekly Market Analysis

2022/02/27 03:35

Macro environment:
Biden: U.S.-Russian relations are completely broken, pushing forward "devastating" sanctions against Russia; oil prices into the "$100" era; U.S. stocks ended a turbulent week with two consecutive days of big gains; Fed's "King of Hawks" Bullard: Fed's Daley: inflation has spread to multiple sectors, inclined to raise interest rates at least four times.
Spot market:
Market Overview: The overall market capitalisation of cryptocurrencies stood at US$1.776 trillion, down 0.62% from last week.
Technical analysis: BTC returned to a downward trend after being stirred up. ETH returned to a downward trend after being stirred up with more pressure.
Stablecoins and Capital flow: Stablecoins are slightly increased this week. BTC balance in exchanges' wallets remained stable, ETH balance in exchanges' wallets rose slightly.
Miner: The BTC hash rate decreased slightly.
Compliance agency: AUM of mainstream BTC ETF declined slightly, AUM of ETH ETF declined slightly.
Derivatives market:
BTC futures open interest decreased this week, with trading volume increased slightly. BTC-compliant market futures contracts remained stable, with volume increased obviously. The BTC perpetual contract funding rate fluctuated around zero.
BTC options open interests remained unchanged this week. BTC Option IV started to recover this week. The long-short ratio of BTC futures fluctuated slightly, the long-short ratio of options increased, and the market sentiment was stable.
The open interests of ETH kept stable this week, with trading volume increased. ETH perpetual contract funding rates fluctuated around zero.
ETH options holdings remained stable this week. The IV of ETH options has rebounded significantly this week.
Weekly Market hot spots :
ZkSync 2.0 public test network of Ethereum scaling solution is officially launched.
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DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

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