Bitcoin Volatility Looms as CPI and Fed Near
Check out the link for free Bitcoin trading signals: https://telegram.me/btctradingclub Big economic week is ahead with inflation datacoming on Thursday but BTC is untypically silent. Bitcoin has spent the past several days struggling to decisively break past $80,000, and options traders don’t appear too concerned about an imminent volatility explosion despite the major economic events in the next ten days. QCP Capital’s latest market analysis suggests that BTC’s 18-day at-the-money implied volatility currently sits at just 37%-38%, despite the upcoming US inflation report and the subsequent FOMC meeting. Waiting for Clarity The analysts believe the volatility compression reflects a market waiting for additional information rather than traders expressing strong directional conviction. This narrative received some confirmation last week after the release of the August jobs report, which significantly exceeded expectations, with the US economy adding 162,000 jobs c...