QCP Capital: Market risk aversion has increased, and the ETH risk reversal indicator has turned extremely negative
According to Mars Finance news, crypto market maker QCP Capital pointed out in the latest market report that although the Asian market rebounded on Monday morning on the back of Hong Kong’s approval of Bitcoin and Ethereum ETFs, and the price of Bitcoin once rebounded to nearly $67,000, the U.S. market There's another broad sell-off in risk assets. BTC falls below $63,000 again.
Notably, the ETH risk reversal indicator has turned extremely negative (-12%) on the near end, indicating nervous market sentiment. Additionally, the market is currently in an ETH gamma short position, which means that wild swings in ETH price may be amplified.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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