Yesterday (1 3A ug), the U.S. July PPI rose 2.2% year-on-year, lower than expected, and also fell sharply compared with the previous value. Before the release of today’s CPI, traders increased their bets on the Fed’s easing policy. The 10-year Treasury yield is now at 3.838%, a recent low, and the two-year yield fell below 4%, at 3.941%. Boosted by this, U.S. stocks collectively closed higher (Dow + 1.04%, S&P + 1.68%, Nasdaq + 2.43%), helping BTC break through 6 w (closed at 60874 $, + 2.75%), and ETH stood above 2,700 US dollars (closed at 2,725 $, 2.75%).
Source: SignalPlus, Economic Calendar
Source: Invensting
As the price of the currency rises, the volatility curve has steepened again. Specifically, the release of PPI data has eliminated some uncertainties. The IV of the middle and front ends (especially ETH) has dropped significantly, but the IV of Doomsday still enjoys a higher Vol Premium due to tonight's CPI data. The far-end IV has risen slightly, and some Top Side buying can be seen from the transaction. From the Vol Skew, ETH's RR has continued to rise overall. The day before yesterday (Aug. 12), Grayscale's ETHE ended the outflow of funds for the first time, becoming an important turning point. The overall ETF has also received positive inflows for two consecutive days, providing support and confidence for the price of ETH, allowing it to break through the two lines of defense of 2600 and 2700 in succession, and challenge 3000 again.
Source: Deribit (as of 14 AUG 16: 00 UTC+ 8)
Source: SignalPlus, ATM
Source: SignalPlus, Vol Skew
Data Source: SignalPlus, Deribit ETH transaction overall distribution
Data Source: SignalPlus, Deribit BTC transaction overall distribution
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