PANews reported on January 8 that Adam, a macro researcher at Greeks.live, wrote that affected by the plunge in U.S. stocks such as Nvidia and Tesla, cryptocurrencies have also undergone major adjustments. Bitcoin has once again fallen below $100,000, and altcoins have fallen even more sharply, and market sentiment has turned pessimistic.
In terms of option data, short-term IV rebounded slightly, but it is still at a low level, and the market's pricing of future fluctuations remains unchanged. Option Skew and futures premium also did not change significantly. The mainstream view of the market on this pullback is that it is affected by the strong US dollar and the decline of US stocks. The trend of Bitcoin has not changed, and the bull market is still there.
If you choose to buy the dip now, the short-term bullish trend of $100,000 is very cost-effective, especially the bullish trend of Bitcoin this week.
