Weekly Market Analysis (2021/11/06–2021/11/12)
•U.S. CPI exceeds expectations again in October; The S&P 500 and Nasdaq Composite both rose Thursday, rebounding from Wednesday’s losse; Fed warns of rising risk asset prices, fueling collapse fears
•Market Overview: Overall cryptocurrency market capitalization stood at $2.791 trillion, up 3.6% from the previous last week.
•Technical analysis: Both BTC and ETH have fallen back quickly after hitting new highs in a row, with the uptrend unchanged.
•Stablecoin and Capital flow: USDT issue volume increased slightly this week. USDT premium continued to be negative, BTC balance in exchanges’ wallets outflowed slightly, ETH outflowed slightly.
•Miner: The BTC hash rate increased slightly.
- Compliance agency: Grayscale Trust BTC/ETH lock-up volume remains stable this week.
•BTC futures open interest kept the same level as last week, with basis slightly lower than last week. BTC-compliant market futures contracts saw a slight increase in OI, and a continuously low trading volume. BTC perpetual contract funding rates remain positive.
•BTC options open interests increased by 15%. BTC options IV maintain stability in all periods. Long-term and ultra-long-term skew of BTC options continued to fall this week, short-term skew fluctuated around zero.
•ETH contract open interest increased slightly, with basis roughly reduced by 1%. ETH perpetual contract funding rates were largely positive, and tended to be stable.
•ETH options open interests increased sharply this week. ETH options IV keep stable in all periods. Long-term and ultra-long-term skew fell sharply.
Weekly Market hot spots :
- AMC, the largest cinema operator in the US, accepts Bitcoin, Ether, Bitcoin Cash, Litecoin for online payments