Greeks.live: The encrypted options market is relatively stable, and the bulk transactions and market interest rates are worth paying attention to

Adam, a macro analyst at Greeks.live, posted on the X platform that this week is Thanksgiving. Economic events and data are concentrated on Wednesday before Thanksgiving. The U.S. stock market will be closed on Thursday and Friday. Recently, there has been significant movement in crypto-related U.S stocks which have a high correlation with cryptocurrency; it's worth paying more attention to.

Bitcoin is just one step away from $100,000, only missing the final push. ETH also rebounded sharply last week, leading to an overall rise in altcoins. The trend in the crypto market gradually shifted back from Meme coins to mainstream markets over the weekend. There was a slight pullback during the weekend but the market's ability to absorb this was strong; bulls are very dominant in spot bull markets right now. The options market is relatively stable; large transactions and interest rates deserve attention. Currently, IV for major terms is at a low level - setting up some medium-to-long-term positions could offer good value for money as bullish trends are strong right now - making it a good opportunity to buy options.