TechFlow news: Greeks.live has posted its weekly market outlook on X, stating that BTC is currently in a spot-driven bull market gradually fueling a derivatives bull run. The implied volatility (IV) of major tenor options is at its highest level in nearly a year. The current euphoric market sentiment makes it easy for prices to be pushed higher, and IV still has potential to reach new highs. In the crypto yield market, recent activity has resumed with continuously rising leverage levels, and high-interest orders keep emerging.
This week is relatively quiet from a macro perspective, featuring only routine events such as speeches by some FOMC voting members and major central bank officials. The main crypto-related event is ETH Denver 2024, which offers limited event-driven momentum. Currently, spot buying pressure in the major cryptocurrencies market remains strong. Notably, derivatives data started picking up this week, and market leverage levels are gradually increasing. A robust spot bull market has lifted overall sentiment, raising expectations for an accelerated rally—though investors should remain cautious about the historical tendency for sharp drawdowns during bull markets.
Thursday, February 29
- US January Core PCE Price Index
- US Weekly Initial Jobless Claims
- ETH Denver 2024 Main Event begins
Friday, March 1
- US February University of Michigan Consumer Sentiment Index
