Industry insiders: The crypto market is waiting for the direction of US policy, and high volatility may occur in the future

Odaily Planet Daily Report: After the election day, investors have net inflows of $4.7 billion into spot exchange-traded funds in the United States. According to data compiled by foreign media, these 12 funds are from issuers such as BlackRock and Fidelity Investments, and their total assets have now reached about $94 billion. James Davies, CEO of options and futures trading platform, said: "Now all transactions are purely speculative, and there is expected to be a lot of volatility and lack of clear signals in the near future, as we are waiting for the policy announcement from the United States." Davies pointed out that $90,000 is a key indicator that needs to be closely watched to see if it can act as a "resistance level", or whether can firmly stand above this level. Data from the exchange shows that one of the highest concentrations of call option bets is the $100,000 strike price. Apart from , the second-largest token and the smaller tokens popular with retail investors, such as Dogecoin, were mixed on Friday, consistent with traders reducing their bets on the Federal Reserve cutting interest rates after Powell's comments, indicating a decline in market risk appetite. (Bloomberg)