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

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.