TechFlow News, March 24 — Greeks.live analyst Adam posted on social media that this week is a light macro week with few notable events. The most significant data release will come on Friday, while Thursday's Senate hearing for the SEC chair nominee may also attract attention due to potential discussions on cryptocurrency.
The crypto market remains sluggish. A recent tweet from Trump only drove $Trump up by 10%, reflecting low market participation. Major cryptocurrencies have seen minimal volatility, with weekend IV briefly dropping to 20%. Market participants are left waiting patiently as sentiment turns increasingly bearish.
In options markets, the rapidly cooling environment has driven down IV across all tenors. Next-month at-the-money IV has fallen to 45%, with short-term IV hitting 40% across multiple expiries. With no major uncertainty on the horizon and muted price action, IV levels are unlikely to remain elevated. A strategy of selling longer-dated options and buying shorter-dated ones appears favorable.
Key events this week:
Thursday, March 27
-
2025 FOMC voter and St. Louis Fed President Musalem delivers speech (01:00);
-
ECB Executive Board member Cipollone participates in a panel discussion at the 11th Digital Assets Conference (01:40);
-
U.S. weekly initial jobless claims (20:30);
-
U.S. Senate holds nomination hearing for Paul Atkins as SEC Chair;
Friday, March 28
-
U.S. February Core PCE Price Index (20:30);
-
Final March University of Michigan Consumer Sentiment Index (22:00);
-
Bank of Japan releases summary of opinions from March monetary policy meeting.
