EthereumLong
The market sentiment was more depressed.
The US July CPI data was slightly lower than expected, hitting a new low since March 2021, which is widely believed to further push the Fed to cut rates in September, with current market expectations expecting a 25BP rate cut.
Both the U.S. stock market and crypto market fell along with the data, with ETH falling the most significantly, by more than 4%.After the ETF was passed, ETH price was extremely weak, leading the way in the decline, with a very weak rebound.
From the options data, short-term IV declined further, skew favored put options, Block trading was less, the main transaction was selling forward deep OTM calls, the market sentiment was more depressed.
Both the U.S. stock market and crypto market fell along with the data, with ETH falling the most significantly, by more than 4%.After the ETF was passed, ETH price was extremely weak, leading the way in the decline, with a very weak rebound.
From the options data, short-term IV declined further, skew favored put options, Block trading was less, the main transaction was selling forward deep OTM calls, the market sentiment was more depressed.
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