BTC Reclaims $110K as Softer CPI Boosts Market Sentiment, Altcoins Lag
The crypto market was buoyed by a softer than expected CPI print, with bitcoin rising back above $110,000 as ether moves back towards $4,000.
Positive investor sentiment appears to be strongly aligned with bitcoin, with CoinMarketCap’s “altcoin season” indicator hitting its lowest level in more than 90 days, as bitcoin dominance continues to rise.
Derivatives Positioning
By Jacob Joseph
- Bitcoin’s 30-day implied volatility, as measured by Volmex’s BVIV index, has eased to 45% from 52% over two days, partially retracing the spike experienced on October 10. This decline signals a soothing of market anxiety alongside a similar reset on Wall Street.
- Options data from Deribit show that BTC’s seven-day volatility…
