Investors are undecided on the cryptocurrency market, assessing the impact on the macroeconomy.

Investors' stance on the market remains uncertain after the Bitcoin halving, as they evaluate how macroeconomic factors are impacting the cryptocurrency market. Thomas Kim, a trader at PRESTO, points out that the actual volatility of Bitcoin is lower than the implied volatility of options, indicating that investors need time to assess macroeconomic variables. Justin D'Anethan, from Asian cryptocurrency market maker Keyrock, states that traders are hesitant and unable to determine whether to be bullish or bearish, resulting in a lack of market vitality. He also mentions that the US SEC's delay in approving an Ethereum spot ETF, comments from the US President on cryptocurrency mining, and the continuous outflow of funds from cryptocurrency investment products are putting pressure on the market. However, there is also an optimistic side, as last week's correction was mainly caused by leveraged long liquidation, potentially clearing out some bubbles and providing conditions for the market to maintain a reasonable level.