CoinVoice has recently learned that QCP Capital released a weekend summary report, which pointed out that Thursday's core PCE data was slightly above expectations, while Friday's non-farm payroll data unexpectedly declined, causing the dollar index to rebound and recover the 104 level. This week, the net inflow into BTC exceeded $2.1 billion. BlackRock's IBIT saw a single-day net inflow of $872 million, the largest single-day net inflow since its launch in January.
Despite Bitcoin dropping below $69,000 on Friday, market interest remains strong, with total open interest in BTC futures and BTC options holding high at $40.65 billion and $25.3 billion, respectively. While Trump is favored to become the next U.S. president, the betting rate on Trump has significantly decreased from a peak of 66% on Polymarket to 57% and 43%. With the upcoming election week, the short-term implied volatility for BTC and ETH remains high (above 72 volatility units), as traders increase their push for downside protection, leading to a rising skew in put options. [Original link]
