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Greeks.live: Some hot-spot projects push up Bitcoin transaction fees, causing miners' income to temporarily increase instead of decrease

Greeks.live: Some hot-spot projects push up Bitcoin transaction fees, causing miners' income to temporarily increase instead of decrease

Bitget2024/04/22 04:01
By:Bitget

PANews reported on April 22 that Adam, a macro researcher at Greeks.live, posted on platform X saying: Last Saturday, Bitcoin successfully completed its halving. The market was relatively stable and some hot projects pushed up the BTC Fee, temporarily increasing miners' income. There are fewer macro events and data this week, with almost no noteworthy macro events. The market still uses the trend of U.S. stocks as a barometer, and risk assets may still experience significant fluctuations.

Crypto options market outlook: Bitcoin rebounded significantly over the weekend; main term IV is relatively stable; structure is gradually returning; Dvol remains high; volatility expectations for this week are lower than the previous two weeks; selling might be a higher choice especially sell put.

Crypto interest rate market outlook: In Bitfinex's green leaf interest rate market there are big players continuously adding positions but interest rates have not been able to bounce back continuously. Currently, interest rates are at normal levels so it would be wise to wait and see if any high-interest orders come in before making a move.

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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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