Tonight’s CPI data, FOMC meeting decision and the Fed’s outlook on interest rates are undoubtedly the focus of market attention. The 10-year U.S. Treasury yield slightly gave up its gains and returned to around 4.40%. The BTC price still maintained a high correlation with it, rebounding at the $66,000 support level, recovering half of yesterday’s losses and rising to below $68,000.
Source: Investing
Source: TradingView
In terms of options, the front-end IV rose sharply as the US economic event approached, and the far-end was also slightly adjusted upward. In terms of trading, with the price rebounding, the Vol Skew being low and the IV rising sharply, the buy Put Flow was not continued at the front end yesterday. On the contrary, a large number of bullish strategies were established yesterday. The more representative ones on BTC are 13 JUN 68000 vs 69500 Call Spread (1287 BTC per leg) and 28 JUN 65000 vs 75000 Risky (450 BTC Per leg). On the other hand, the president of The ETF Store expects the ETH Spot ETF S-1 document to be approved before the end of June. The overall call option purchase ratio of ETH has also increased significantly. The overall 25 dRR has risen above zero, close to the highest value of the data in the past three months. In addition, under the overall upward trend of IV, ETH 28 JUN 24 IV has fallen slightly, and the main driving factor may be from several large Short Straddle strategies.
Source: Deribit (as of 12 JUN 16: 00 UTC+ 8)
Source: SignalPlus, front-end IV surges ahead of release of important US economic data
Source: SignalPlus, ETH Vol Skew rose sharply overall
Data Source: Deribit, overall distribution of ETH transactions
Data Source: Deribit, overall distribution of BTC transactions
Source: Deribit Block Trade
Source: Deribit Block Trade
