Two of the Fed's most senior officials have signaled a pause on October 28, and the odds of an October hike have fallen to 20%. Bitcoin is still holding above its uptrend. Beneath the surface, though, stablecoin minting has dropped to the 7th percentile, our altseason model sits right at its flip threshold, and Ethereum options traders have just opened the largest put position of the week. Below, we break down where the smart money is positioning ahead of CPI, which strikes matter, and how to use low implied volatility to express a constructive view.
See also our report “Bitcoin: How Smart Traders Are Positioning This Month”.
Crypto Market Cap (LHS, $trn) vs. Trading Volumes (RHS, $bn)
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