On the eve of the release of US CPI data, the 10-year yield fell from a high of 4.40% to around 4.36%, and the two-year yield was currently at 4.741%. Investors focused on the minutes of the upcoming Federal Reserve policy meeting and key inflation data to track new clues on the timing and extent of rate cuts.
Source: SignalPlus, Economic Calendar
Source: SignalPlus & TradingView, the range of fluctuations tends to narrow
In terms of digital currency, yesterday IBIT ETF buying flow resumed, which was basically the same as GBTC outflow; in terms of currency price, BTC remained stable below 7W, and the oscillation range showed a narrowing trend. In terms of options, the implied volatility in April fell by 3-4% Vol. From the perspective of trading, the selling pressure of BTC at the end of April was extremely strong in the past day, mostly hitting key levels such as 75,000/80,000/100,000 USD, causing the front-end Vol Skew to tilt sharply again. The bullish test of ETH 19 ARP 24 showed Seagull Flow, which was bearish on the upward volatility with a relatively cautious attitude.
Source: Deribit (as of 10 APR 16: 00 UTC+ 8)
Source: SignalPlus, ATM Vol
Source: SignalPlus, Vol Skew
Data Source: Deribit, ETH 19 APR 24 shows Seagull Flow; 28 JUN 24 is 3000-2500 Long Put Spread; 31 MAY 24 is 4000 & 4100 Long Call
Data Source: Deribit, BTC transaction distribution, a large number of call options sold at the end of April
Source: Deribit Block Trade
Source: Deribit Block Trade
