Essential for Bitcoin investment, key events of the week preview (3/24-3/30)
The most noteworthy event this week is Friday's macro data; this week is a macro small week with not many events to pay attention to. The SEC chairman's qualification hearing on Thursday is also worth noting, as it may include content related to cryptocurrency.
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Key events this week:
3/25 Tuesday
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Bank of England Governor Bailey gives a speech (2:00)
3/26 Wednesday
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UK Chancellor of the Exchequer Reeves announces the Spring Budget Statement (20:30)
3/27 Thursday
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2025 FOMC voting member, St. Louis Fed President Bullard gives a speech (1:00)
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ECB Executive Board member Panetta participates in the 11th Crypto Assets Conference panel discussion (1:40)
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US initial jobless claims for the week (20:30)
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US Senate holds qualification hearing for Paul Atkins as SEC Chairman
3/28 Friday
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US February Core PCE Price Index (20:30)
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US March University of Michigan Consumer Sentiment Index final value (22:00)
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Bank of Japan releases summary of opinions from March monetary policy meeting
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Cryptocurrency market outlook:
The cryptocurrency market is relatively sluggish, with a single tweet from Trump boosting $trump by only 10%, indicating low market participation. Major cryptocurrencies show minimal volatility, with weekend implied volatility dropping to as low as 20%. Market participants can only patiently wait for opportunities, and market sentiment has turned relatively pessimistic.
In terms of options, the rapidly cooling market has driven down overall implied volatility, with next month's at-the-money implied volatility dropping to 45% and short-term implied volatility at multiple terms down to 40%. Recently, there have been no uncertainty events, combined with a dull market, making it impossible to maintain high implied volatility levels; selling long-term and buying short-term options is very cost-effective.