CPI increased by 0.5% as the annual rate of inflation hit 6.4%. BTC witnessed a brief downtrend after the CPI report but recovered briefly after. The US Bureau of Labor Statistics issued its Consumer Price Index (CPI) report on 14 February, ending days of anticipation and rumors. So, what was Bitcoin’s [BTC] trajectory after the […]
before the release of the CPI report. The observed statistic indicated that, before the CPI announcement, puts were more popular than calls. Furthermore, puts were deemed more expensive than calls, signaling a bearish sentiment before the CPI announcement.A measure of the disparity between the implied volatility of options contracts that are 25 delta out of the money and at-the-money is known as the “options 25 delta skew.
At the time of this writing, observed volatility was just over 2%, and it appears to be declining as nerves calm in the wake of the CPI news.The market’s reaction to the CPI report was quite volatile after its release. The news first sentprices tumbling on the six-hour timescale chart. Nonetheless, on 14 February, it jumped by $700 to a trading high of $22,300 before retracing to a close of approximately $22,400. It dropped to about $22,100 in trading as of this writing, a loss of about 0.47%.
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