Adam@Greeks.live: CPI data is in line with expectations, Bitcoin rises 4% to $64,000
The just-announced CPI data has attracted much attention. Although the results are in line with expectations, the crypto market still experienced significant fluctuations. Bitcoin rose 4% to $64,000. The current biggest pain point is $62,000, and some short-term sellers entered the hedging range.
The options market has reacted significantly, with all major term IVs quickly rising to new highs this month. The recent lackluster market has caused the major term options to once drop to a new low since the Spring Festival, making the buyer extremely cost-effective. Every recent event is worth buying options. . ETH is slightly weak, the ETH/BTC exchange rate has reached a new low, and there seems to be an opportunity for cross-currency options trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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