Huobi Global Weekly Market Analysis
2022/03/06 10:24Macro environment:
Powell: 25 basis point rate hike in March is appropriate. The Fed will act cautiously. Brent crude oil call options rose by 10 times. S&P 500 rallies strongly Powell promises prudent exit from stimulus measures. U.S. February "non-farm payrolls" performance is beautiful.
Market Overview: The overall market capitalisation of cryptocurrencies stood at US$1.701 trillion, down 4.22% from last week.
Technical analysis: BTC rallied and fell, with very small gains and losses throughout the week. ETH was up slightly this week before falling back, and the whole week was a small decline.
Stablecoins and Capital flow: The total market cap of stablecoins are slightly decreased this week. BTC balance in exchanges' wallets rose slightly, ETH balance in exchanges' wallets decreased slightly.
On-Chain Data: Bitcoin URPD distribution is more dispersed. Bitcoin Revived Supply has not seen a significant increase recently.
Compliance agency: AUM of mainstream BTC ETF rose slightly, AUM of ETH ETF rose slightly.
BTC futures open interest kept unchanged this week, with trading volume increased slightly. BTC-compliant market futures contracts decreased slightly, and the trading volume dropped significantly. The BTC perpetual contract funding rate fluctuated above zero.
BTC options open interests increased significantly this week. BTC Option IV has a stable trend this week and rebounded slightly. The long-short ratio of BTC futures has dropped significantly, and the performance of BTC and ETH is opposite in terms of the long-short ratio of options.
The open interests of ETH kept stable this week, with trading volume continued to increase. 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 :
Grayscale Parent Company DCG Announces $250 Million GBTC and Other Trusts Repurchase Program.
Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。