TechFlow News: On April 9, according to CoinDesk, the U.S. March CPI data will be released on Friday. Markets expect the year-on-year increase to jump from 2.4% in February to 3.4%, yet Bitcoin’s market reaction has been calm.
The options market currently prices in a volatility range of only about 2.5%, and the BVIV Index (30-day implied volatility) has fallen to 46.5%, its lowest level since January 31. Traders broadly view this data release as non-material.
This CPI report is drawing significant attention primarily due to energy shocks triggered by the Iran conflict—U.S. gasoline prices surged above $4 per gallon in March, the first time since August 2022. Multiple analysts note that softer-than-expected data could reignite rate-cut expectations, while hotter data would reinforce the “higher-for-longer” interest-rate narrative, exerting an asymmetric impact on crypto markets.
