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Weekly Outlook: Limited Volatility Expected This Christmas Week, Market Focuses More on Betting on the Market Around Trump's Inauguration at the End of January

Weekly Outlook: Limited Volatility Expected This Christmas Week, Market Focuses More on Betting on the Market Around Trump's Inauguration at the End of January

Bitget2024/12/22 22:26
BTC-0.52%ETH-1.28%

Bitget news, Adam, a macro researcher at Greeks.live, shared a preview of this week's major events on the X platform (12/23-12/29). This Wednesday is Christmas Day. Major exchanges in Europe and America will be closed for trading and cryptocurrency funds usually flow out during this week. Currently, ETFs are the main source of external funding for the crypto market. The pressure from fund outflows on the crypto market has significantly increased compared to previous years, with strong risk aversion sentiment in the market. This week's major events:
12/23 Monday
MicroStrategy is expected to join Nasdaq 100 index 
12/24 Tuesday
Bank of Canada releases December monetary policy meeting minutes (02:30 UTC+8)
Reserve Bank of Australia releases December monetary policy meeting minutes (08:30)
12/26 Thursday
US initial jobless claims for the week (21:30)
12/27 Friday
Bank of Japan publishes summary opinions from its December monetary policy meeting review committee members (07:50)

Crypto Market Outlook: Bitcoin fell below $100k and Ethereum fell below $3300. There hasn't been any significant pullback in this bull run yet. Now that funds are tight due to Christmas holidays, it cannot be ruled out that there may be a deleveraging trend before Trump takes office with strong risk aversion sentiment in the market.

The options market has nearly $120 billion worth of options expiring soon which accounts for more than 40% of current total holdings; large holders and makers are actively adjusting their positions so keep an eye on potential opportunities occasionally found within these movements.

Expectations for volatility over Christmas are low; instead most bets seem to focus around what happens before or after Trump takes office at end-January - now seems like a good opportunity to buy into options.

In terms of interest rates within crypto markets - they have been relatively stable recently. If you come across suitable interest rate orders, it's worth actively trading them, especially during times of market movement.

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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