Traders are betting on tomorrow's data to exceed expectations
With the BOC and the ECB announcing interest rate cuts, the crypto market, as represented by BTC, has clearly turned stronger, with prices gradually climbing. Tomorrow's key macro data —— US Non-Farm Payrolls and Unemployment Rate have also become more interesting, with Fed rate cut expectations now at the center of macro trading.
Short-term IV is now clearly rising, with the weekly ATM IV back above 50%, but still below 50% at the end of the week, just as traders are betting on tomorrow's data to exceed expectations, with slightly stronger bullish forces.
Short-term IV is now clearly rising, with the weekly ATM IV back above 50%, but still below 50% at the end of the week, just as traders are betting on tomorrow's data to exceed expectations, with slightly stronger bullish forces.
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