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Deribit will deliver options at the end of June, and the biggest pain point of BTC is 24,000. However, the lower curve is relatively flat, and the intrinsic value of 25,500 is similar to 24,000. The biggest pain point of ETH is 1700. Looking at the option data, this month's spot price is the same.
The stock market remains buoyant, with stocks favored by retail investors leading gains again heading into this week's CPI/FOMC, with moderating inflation, a relatively cooperative Fed and an economy that continues to be driven by a strong U.S. consumer all contributing to a flawless execution of the soft move In the mainland scene, the stock market seems to have nothing to worry about, and the stock market bear market has entered hibernation along with cryptocurrencies.
Investor enthusiasm is everywhere, with consumer-focused sectors like cruise travel handily outperforming the index this year, and the AAII sentiment index rising to its most optimistic level since 2021, barring a surge in inflation data or the It would be hard to fight the trend otherwise, with an unexpected hawkish stance from the Fed on Wednesday.
Professional managers have fared relatively poorly this year, with traditional "value" strategies and macro-sensitive cyclical and defensive stocks far underperforming pure growth and momentum strategies, given concerns about regional banking problems, Disappointing Chinese data, ongoing geopolitical tensions, and market value losses in real estate and other rate-sensitive assets, the current sharp increase in risk sentiment is indeed surprising, but the market always tends to inflict the most pain on most participants. direction forward.
It's time for the CPI data release again, although the market has been less excited about it compared to previous months, probably because risk markets have already decided on their risk appetite, and the previous low European inflation data Yu estimates also lowered market expectations. The market expects the core CPI to increase by 0.4% month-on-month, among which second-hand cars, hotels and entertainment (entering the summer travel peak) and housing inflation will mainly determine the direction of the index. The trajectory of rental prices will be the most interesting item, which can be confirmed through this item It is contradicted by the rebound in home prices as to whether the slowdown in home prices in March and April is true.
On the digital asset front, crypto liquidations continue as more platforms operating in the U.S. restrict access for U.S.-based users, and Robinhood operational statistics show that crypto trading is taking a turn for the worse as the SEC crackdown intensifies. Volume plummeted by 43% month-on-month, while stock spot and Stablecoin trading volumes increased by nearly 30% during the same period. In fact, it is quite incredible and exciting that BTC and ETH can still maintain their prices in this context. I hope everyone can continue to pay attention to safety!
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