Weekly Market Outlook: Macro Week with Focus on Fed Interest Decision, Cryptocurrency Weakly Correlated

This week (1/29-2/4) presents a significant macroeconomic period with several data releases, primarily focused around the Federal Reserve's interest rate decision. Notably, there seems to be a diminishing correlation between macro data and the crypto market, says macro researcher Adam from Greeks.live. 1. On Wednesday (1/31), the US ADP employment numbers for January and the Bank of Japan's summary of the March monetary policy meeting review committee will be released. 2. Thursday (2/1) will feature the Federal Reserve and the Bank of England's interest rate decisions and the number of initial jobless claims in the US for the week. 3. On Friday (2/2), the US unemployment rate and non-farm payroll employment for January will be disclosed. Additionally, the final value of the University of Michigan Consumer Confidence Index for January will be announced. Regarding the BTC spot Exchange-Traded Funds (ETFs), their market effect has substantially subsided. Therefore, the main term option's implied volatility (IV) has fallen to an exceptionally low level, below 50% for the entire term. This makes buying options now very cost-effective, underlining a high short-term bullish winning rate if purchasing on dips since the market is currently in a post-panic rebound. In the crypto interest rate market, as calmness returns, leverage levels have started to quietly rise. Consequently, the interest rate market has recovered from low levels, and some high-interest orders have recently begun to appear.