Greeks.live: crypto market giant whales are not betting on big swings this month and generally believe the market will be stable

The Bank of Canada has just announced a 25 basis point interest rate cut, in line with market expectations, says Adam, macro researcher at Greeks.live. The U.S. stock market continues to open lower, with leader Nvidia having lost 20% in a week. Crypto market by the macro and U.S. stock market dragged down recently is also tumbling, so tomorrow and the next two days of employment data are very worthy of attention, if the economic data is weak, then the possibility of this month's Federal Reserve interest rate cut of 50 basis points on the table, which is conducive to the U.S. stocks and crypto to stop the decline.

However, looking at the options data, the implied volatility for all maturities except for the US election week is relatively flat, and the giant whales in the crypto market aren't betting on big swings this month, and generally think the market will be relatively stable.