Macro + Derivatives: Risk Aversion Sentiment at Peak, Bearish Sentiment Hits New Highs
External macro environment completely suppresses risk assets, becoming the biggest stumbling block for BTC's uptrend: Ongoing geopolitical conflicts in the Middle East are escalating, international oil prices continue to surge, directly pushing up US inflation expectations; CME rate instruments show that market probability of Fed rate hike in April jumped directly from 0% to 12%, with rate hike expectations warming up and exerting deadly suppression on high-risk assets like crypto.
Options market bearish sentiment exploding, put/call open interest ratio climbed to 0.77, hitting a new high since June 2021! Large numbers of traders are frantically buying put options for downside protection, fully illustrating how intense the concerns of institutions and whales are regarding subsequent declines.
Macro + Derivatives: Risk Aversion Sentiment at Peak, Bearish Sentiment Hits New Highs
External macro environment completely suppresses risk assets, becoming the biggest stumbling block for BTC's uptrend: Ongoing geopolitical conflicts in the Middle East are escalating, international oil prices continue to surge, directly pushing up US inflation expectations; CME rate instruments show that market probability of Fed rate hike in April jumped directly from 0% to 12%, with rate hike expectations warming up and exerting deadly suppression on high-risk assets like crypto.
Options market bearish sentiment exploding, put/call open interest ratio climbed to 0.77, hitting a new high since June 2021! Large numbers of traders are frantically buying put options for downside protection, fully illustrating how intense the concerns of institutions and whales are regarding subsequent declines.