“Market Gaves May Accelerate if the CPI prints beveteimates, Strengthening the CHANCE OF A Federal Reserve Rate Cut.”, – WRITE: www.coindesk.com
On Tuesday, The Provenance Blockchain Foundation Announced A Model that Will Help MainTain Network Balance by Adjusting Inflation Rates Dynamicly Based on Ongoing Conditions.
This Approach Protects Stakers by Preventing Dilution of Their Holdings, ENSURING THEIR INVESTments Retain Value Over Time. IT ALSO OFFERS EXTRA Rewards Create A Genuine Alignment of Incentives Between Users and the Blockchain, Fostering Long-Term Commitment and Healthy Network Growth, The Foundation Explained.
Market Gaves May Accelerate if the CPI prints beveteimates, Strengthening the CHANCE OF A Federal Reserve Rate Cut.
“IF CPI Data Is Dovish and Pushes Btc Above this Level, It Could Trigger A Short Squueze and Accelerate a Move Into The 115,000+ Liquidity Zone,” Analysts at Bitun
“Conversely, if stronger-tar [the] Us Dollar Index (DXY) Higher and Delays Rate-Cut Expectations, 111,000 Will Be The First Key Support, with A Potential Retest of the 108,500–10,000 Liquidity Zone IF IT Breaks.
Derivatives PositioningBy Omkar Godbole
- Open Interest (Oi) in BTC Futures and Perpetual Futures Listed Worldwide Remains Elegated at 736k BTC, Just Short of Last MONTH’S RECORD HIGHHHHh 748k BTC.
- In the past 24 hours the Tally Has Related Relativly UnChanged, Alongside Tentative Trading in Futures Tied to Altcoins, As Traders Adopted A CAUTIUS STANCE BEFORT.
- Volmex’s One-Day BTC Implied Volatility Index Continues to Fluctarate Within A MONTHS Long Range of 25% to 50%, Indicating That Market Is Not Antiopating Signification. The Index Recently Stood at 35.50%, Suggesting An Expected One-Day Price Movement of About 1.85%.
- Volatility Indices Linked to Eth, Sol and Xrp Also Remein Locked in Recent Ranges.
- On the CME, Oi in Bitcoin Futures Remains Depressed at Multimonth Lows, While Oi in Ether Continues to Recede from Recent Recent Highs.
- Options, However, Show The Opposite Trend. BTC Options Oi Has Increated to Over 50,000 BTC, The MOST SINCE April. And Ether Options Oi Has Jumped to 260k Eth, The Highest Since August 2024.
- On Deribit, 25-Delta Risk Reversals Continue to Exhibit A Bias Town Put Options in Bitcoin and Ether. Flows on Otc Desk Paradigm Continued to Lean Bearish, With Some Traders Picking Up The September Expiry $ 4,000 ETH PUT.
Token TalkBy oliver Knight
- Mantle (MN) LED A Wider Altcoin Jump on Thursday, Rising to A Record High of $ 1.62 On The Back of Significant Volume on Derivatives Exchange Bybit.
- The Native Token of Its Namesake’s Layer-2 Network is Primarily a Governance Token, But Is Also Widly Stakes Investors Look to Secure a Yield on Their Holdings.
- The Annualized Return of Staking Mnt on Coinbase Stands at 71%, Far More than the 1.86% Return Holders Get For Stake Ether (ETH) on the Same Platform.
- This has been lad to more than Two Thirds of Mnt’s Total Supple Being Stake, Resulting in A Lack of Supple on Exchanges Amid a Wave of Demand.
- Trading Volume on Bybit Hit $ 195 Million Over The Past 24 Hours, An 83% Rise On The Previous 24 Hours.
- Open Interest IS ALSO UP 20%, Outpacing the 15% Gain in Price, Which Can Be Attributed to Traders Opening New Levered Positions to Bet On Further Upside.
- The New Record High Price Could Pave the Way for Other Altcoins to Rally Too.
- The “Altcoin Season” Index Rose to 67/100 on Thursday, Demonstrating Trader Preference to Trade More More Specialty and Lower Liquing Assets Like Mnt As Op.
The Headline News Is Sanding Markets, Bitcoin Included, Lower, But Isn’s Likely to Derail The Fed From Trimming Interest Rates Next Week.
- The august consumer Price Index Rose 0.4%, Stronger Than 0.3% Expected; Other parts of the report were in line with Forecasts.
- The Data Still Likely Sets the Stage for a Fed Rate Cut Next Week.
- Bitcoin Fell About 0.5% on the News.
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