Matrixport: Options market volatility expectations peak ahead of US election

According to the latest weekly report of Matrixport, the macro economy and market mood swings, and global funds return to traditional financial marekt, which intensifies the downward pressure on crypto assets. The linkage of US stocks with non-agricultural data promotes the short-term upside of BTC, but as a risk asset, BTC pulls back with US stocks. Small and medium-sized market capitalization Token performed better than BTC, indicating that the crypto market is still highly speculative during the return of funds. BTC fluctuated near the 60,000 US dollar, and the selling pressure was significant, and it has not yet formed a stable upward trend. ETH demand is weak. Despite the support of decentralized applications, the price performance is inferior to BTC.
Rising global economic uncertainty has pushed up volatility in the options market, and institutions use options to hedge market risks. Before the US election in November, volatility expectations in the options market reached a peak, and institutions avoided severe fluctuations by planning ahead. The launch of Bitcoin ETFs has active the crypto options market, and institutions tend to use volatility trading to profit. Crypto arbitrage opportunities are reduced, funds are turned to traditional financial marekt, liquidity is tight, and volatility trading has become an important strategy.