#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Greeks.live: Currently, the short-term IV of BTC is around 45%, and the short-term IV of ETH is around 54%.
According to Adam, a macro analyst from Greeks.live, as this round of rise gradually slows down, the implied volatility of major options terms has also decreased slightly. Currently, the short-term IV of BTC is around 45%, and the at-the-money IV of the term after the election is generally less than 60%. The short-term IV of ETH is around 54%, and the at-the-money IV of the term after the election is around 67%. In terms of Block Trading, there were more bearish options trades today, accounting for nearly a quarter of the total volume, with a total turnover of nearly 300 million US dollars. Only one contract of BTC-25OCT24-55000-P was actively bought for 90 million US dollars, which is obviously positioning for the US election and making a protective bearish move. Whales are likely to want to hold Spot while using bearish options to hedge against downside risks.