Essential for Bitcoin investment, key events this week preview (3/17-3/23)
The most noteworthy event this week is the series of interest rate decisions on March 20. Although the expectations for the decisions from various central banks are largely consistent and unlikely to cause significant market fluctuations, the attitudes displayed by each central bank will have a noticeable impact on the future. Currently, geopolitical tensions are high, and with increasing compliance requirements, Europe’s influence is gradually strengthening.
Additionally, Tuesday’s special meeting is also worth noting, as Trump has been full of unexpected maneuvers since taking office. The recent cryptocurrency market has been relatively calm, with BSC meme standing out, but its sustainability needs further observation.
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Key events this week:
3/17 Monday
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U.S. February Sales Monthly Rate (20:30)
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CME plans to launch SOL futures
3/18 Tuesday
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Canada February CPI (20:30)
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U.S. President Trump talks with Russian President Putin
3/19 Wednesday
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Bank of Japan announces interest rate decision
3/20 Thursday
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Federal Reserve FOMC announces interest rate decision and economic outlook summary (2:00)
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Swiss National Bank announces interest rate decision (16:30)
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Bank of England announces interest rate decision and meeting minutes (20:00)
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U.S. initial jobless claims for the week (21:30)
3/21 Friday
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Bank of Canada Governor Macklem speaks (1:00)
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FOMC permanent voting member, New York Fed President Williams speaks (21:00)
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Cryptocurrency market outlook:
The cryptocurrency market has been relatively calm recently, with Bitcoin continuing to adjust in the fluctuation zone above $80,000. U.S. stocks are experiencing significant adjustments, and ETF funds have not been able to sustain inflows, leading to continued pessimism in market sentiment.
In terms of options, the weakening market has driven a decline in implied volatility across all maturities, with this month's at-the-money implied volatility dropping below 55%. Short-term implied volatility has decreased more significantly, now at 60%. Several macro events this week will bring some uncertainty, and the weekly implied volatility will likely remain at a relatively high level, making selling a potentially better option.
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Regarding the cryptocurrency interest rate market, the Bitfinex interest rate market has been relatively stable recently, with opportunities for active trades on suitable interest rate orders, especially when there is market activity worth special attention.
