Bitcoin Traders Anticipate CPI Data for Federal Reserve Insights
Investors are awaiting the U.S. inflation figures, which could impact Federal Reserve interest-rate policy. The July data is expected to show price increases influenced by recent tariffs.
- Traders are hedging with short-dated bitcoin put options in the $115,000–$118,000 range.
- Implied volatility for bitcoin stands at an annualized 31%, indicating minimal panic with expected price swings of 1.6% in the next 24 hours.
- August historically brings volatility, which may affect crypto markets following movements in traditional stocks.
- Positive CPI surprise could benefit risk assets, including cryptocurrencies.
- Ether's recent performance is bolstered by institutional inflows, potentially leading it to test previous all-time highs.
What to Watch
- Aug. 15: FTX distribution date for eligible holders.
- Aug. 18: Coinbase Derivatives launches nano SOL and XRP futures.
- Aug. 20: Qubic undergoes its first halving event.
Macro Events
- Aug. 12: Brazil and U.S. release consumer price inflation data.
- Aug. 13: Argentina releases July inflation data.
- Aug. 14: U.S. producer price inflation data released.
Market Movements
- BTC down 0.35% at $118,412.69; ETH down 1.17% at $4,195.12.
- CoinDesk 20 index down 0.35% at 4,082.37.
Technical Analysis
- The Dow Jones Industrial Average shows signs of potential correction after failing to breach key resistance levels.
Crypto Equities
- Coinbase Global (COIN) closed at $319.62 (+2.92%).
- MARA Holdings (MARA) closed at $15.66 (+1.82%).
ETF Flows
Spot BTC ETFs report daily net flows of $178.1 million, with cumulative flows reaching $54.59 billion.
Spot ETH ETFs see daily net flows of $1.02 billion, totaling $10.85 billion cumulatively.
Summary of Key Stats
- BTC Dominance: 60.56%
- Total fees: 4.42 BTC / $531,812
- Open interest in CME Futures: 138,165 BTC