TechFlow News, according to Greeks.live analyst Adam, the key events for Bitcoin investors to watch this week (7/8–7/14) are as follows:
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7/8 Monday: The SEC returned S-1 forms to Ethereum ETF issuers, requiring resubmission by July 8.
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7/9 Tuesday: Federal Reserve Chair Powell delivers semiannual monetary policy testimony before the Senate Banking Committee.
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7/10 Wednesday: The Reserve Bank of New Zealand announces its interest rate decision and releases its Monetary Policy Assessment report.
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7/11 Thursday: Release of U.S. June CPI and weekly initial jobless claims data.
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7/12 Friday: Release of U.S. June PPI data.
Adam noted that the impact of cryptocurrency sales by German and American governments has been significant, making it difficult for the market to recover. This week, actions by these two governments should be closely monitored. Although the SEC has delayed its response on ETH ETFs, positive news is still expected this week.
The crypto market is experiencing its worst July, with accelerating declines in BTC and ETH and overall market weakness. Implied volatility (IV) levels have rebounded; thus, selling options with higher IV could be a favorable strategy. The Bitfinex funding rate market remains quiet, but occasional attractive funding rate orders appear—active execution is recommended.
