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Greeks.live: The market's current pullback is mainly affected by the strong dollar and the decline in U.S. stocks, but the Bitcoin bull market is still ongoing

Greeks.live: The market's current pullback is mainly affected by the strong dollar and the decline in U.S. stocks, but the Bitcoin bull market is still ongoing

Bitget2025/01/08 03:08
BTC+0.11%

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on X saying: "Affected by the sharp drop in US stocks such as Nvidia and Tesla, cryptocurrencies have also undergone significant adjustments. Bitcoin has once again fallen below 100,000 USD, and altcoins have experienced even more severe declines, turning market sentiment pessimistic.

In terms of options data, short-term IV has rebounded slightly but is still at a low level. The market's pricing for future volatility remains unchanged. Options Skew and futures premiums also did not show significant changes. The mainstream view of this adjustment is influenced by the strong dollar and the decline in U.S. stocks; Bitcoin's trend has not changed, and the bull market is still ongoing. If you choose to bottom out now, a short-term bullish outlook of 100,000 USD is very cost-effective especially for Bitcoin’s weekly bullish."

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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