Greeks.live: BTC is currently in a spot market bull market, gradually driving the derivatives bull market, with IV still having the potential to reach new highs

Greeks.live released this week's market outlook on X, stating that BTC is currently in a spot bull market gradually driving the derivative bull market. The main term option IV is at its highest level in nearly a year, and the current excited market sentiment can easily drive up prices. IV still has the potential to hit new highs. In terms of the crypto interest rate market, recent activity has picked up, leverage levels are steadily rising, and there have been some high-interest orders in the interest rate market.

This week is a macro small week with only routine events such as some FOMC voters and major central bank speeches. The main crypto-related event is ETH Denver 2024 main event with relatively low event-driven momentum. Currently, mainstream coin spot buyers are very strong, while it's worth noting that derivative data has become active this week with leverage levels gradually increasing. The strong spot bull market has boosted market sentiment, leading to expectations of accelerated upward movement; however, it's important to be cautious given past experiences of sharp drops during bull markets.

Thursday 2/29

- US January Core PCE Price Index
- US Initial Jobless Claims for Week Ending
- Start of ETH Denver 2024 Main Event

Friday 3/1

- US February University of Michigan Consumer Sentiment Index