Greeks.live: The bullish momentum in the market is weak, and crypto market participants believe that macro data no longer influences the market trends.

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Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform that the Middle East situation has driven recent gold and silver prices, and macroeconomic data has also had some impact. However, cryptocurrencies are currently in a phase testing investors’ patience. The US CPI data will be released tonight at 9:30. Observing cryptocurrency IV shows a significant decline compared to a week ago, indicating that market participants generally believe macro data no longer influences the crypto market. The Skew rebound brought by the early-month rally has ended, and it has now fallen back to holiday levels. Market sentiment is weak, bullish momentum is limited, and the market is sensitive to volatility reactions.

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