Yesterday (26 MAR), durable goods orders in the United States saw the first increase in nearly three months. The pace of housing price growth also accelerated, with the Housing Price Index rising 6.6% year-on-year, surpassing the previous value of 6.3%. The US bond market remained calm, while the stock market initially showed overall gains but experienced a large-scale futures sell-off in the final trading session, resulting in a slight decline.
Cryptocurrencies have temporarily paused their upward trend in recent days. After a slight retreat from recent highs, BTC and ETH have been oscillating around $70,000 and $3,600 respectively for most of the past 24 hours. The upside potential has become less clear, leading to a reduction in implied volatility and Vol Skew in the options market. From a trading perspective, bearish volatility and weak upward momentum can be observed, represented by strategies such as BTC Short 31 MAY 24-85000-C, BTC Short 5 APR-68000/73000-Strangle, and ETH Short 26 APR 24-42000-Straddle. In addition, most of the short-term and medium-term transactions in the two currencies still revolve around defensive bearish spread strategies. BTC transactions have shifted towards the medium to long term, with the largest opening position yesterday being the accumulation of 725 BTC in the 27 DEC 24 100000-C option.
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