TechFlow reports, citing a latest QCP Capital report indicating that tonight's CPI release has drawn market attention, with a 70% probability of a rate cut in September. While equities continue to rally, the crypto market has yet to reflect this optimism. BTC's morning volatility increased by 5 percentage points, with risk reversals favoring upside movement. Yesterday, the German government transferred 10,853.5 BTC to exchanges and market makers. Its wallet now holds only 13,110 BTC, having moved out 36,748.4 BTC since mid-June, suggesting potential easing of supply pressure. Milder CPI data could serve as a catalyst for breaking out of the current range, especially with spot Ethereum ETF trading set to launch next week.
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