According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, recently shared insights on X regarding the market's performance. The market experienced a prolonged downturn from August 3 to October 14, lasting over two months. However, the release of BlackRock's earnings report has sparked a positive shift in overall sentiment, with the current greed index standing at 72.
As MicroStrategy ($MSTR) prepares to release its earnings report, there is optimism that a strong performance could further boost market sentiment. This week, trading is expected to revolve around the dynamics of the upcoming election. A few institutional investors have already begun to sell off portions of their holdings or hedge through options to mitigate the uncertainties associated with the election.
