In the past week's market, the prices of Bitcoin and Ethereum both fell and rebounded at the beginning of the week. The historical volatility was the largest when it fell from the high of 4.24, the trading volume was large when it fell from 4.19, and the open interest increased slightly. The implied volatility of BTC and ETH both fell sharply. In addition, the funding rate remained at a low level, indicating that the contract trading sentiment continued to be sluggish. The overall market is still in a weak stage in terms of market breadth indicators. In terms of events, we need to wait for the Federal Reserve's interest rate meeting on May 2. After the Bitcoin halving, various indicators show that investors are temporarily waiting to see the market.

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The correlation between BTC and U.S. stocks has strengthened recently, with the price of the currency dropping below 63,000 at the opening of the U.S. market, attracting a large number of buy orders at 59,000-P and 60,000-P for BTC in the next week.

The US GDP grew by only 1.6% in the first quarter, much lower than 3.4% in the fourth quarter, with personal consumption growth falling from 3.3% to 2.5% and commodity spending falling from 3.0% to -0.4%. In terms of cryptocurrencies, investors' attention is still distracted by the memecoin/BTC rune, which has performed strongly this year.

Data shows that the top five holders on the personal on-chain crypto asset holdings list currently own a total of US$3.631 billion in digital assets.

Polychain Capital led the investment.

While the concept pursued by EigenLayer is certainly laudable, it remains to be seen whether restaking is truly the next great crypto innovation or just another reliant crypto pipe dream.

In terms of options, the overall IV level plummeted again. The cyclical options of BTC and ETH continued yesterday's selling pressure, and the IV fell by about 8%.

When Layer2 was flourishing everywhere and was in a development dilemma, Metis's rebellious move of abandoning ETH as a Gas Token instead laid the foundation for the development of the DeFi ecosystem.

“Bad news is good news” is back again, with the slowdown in the manufacturing PMI in April boosting risk market sentiment, with the overall figure falling below 50, below expectations of 52. Cryptocurrency prices remain strong, with BTC once again approaching $67,000.

Compared with previous Launchpool projects, Renzo’s valuation logic seems to be much clearer.

In the past day, the BTC price broke through 660 million USD to 67000 and then fell back to around 66000. In terms of options, the implied volatility has obviously gone down steeply. In the BTC bulk, there are two sets of Iron Condor transactions in opposite directions, buying Vol at the end of April and selling Vol at the end of May.

Geopolitical tensions did not escalate further over the weekend, and oversold positions led to a risk rebound, with risk markets rising across the board yesterday. In terms of cryptocurrencies, JPM believes that BTC positions are also overweight based on CME futures contracts, and ETFs have seen outflows for two consecutive weeks (albeit on a smaller scale).

Why is diamond hand not a good choice?

A gambling platform turning to on-chain gaming Layer 2.

After the successful completion of BTC halving, the market did not stir up any waves, and most trading views had been fully priced-in before the event. In terms of options, on the one hand, we see that the current volatility curve has broken the previous inverted pattern, but the overall slope is still relatively flat.