TechFlow news, August 15 — A recent report from QCP Capital revealed that the U.S. Consumer Price Index (CPI) data came in line with market expectations. Following the release, market expectations for a 25-basis-point Fed rate cut increased from 47.5% to 62.5%. The lower CPI figures triggered a brief rebound in both stock and cryptocurrency markets.
However, this rally failed to hold as the U.S. government transferred 10,000 bitcoins to Coinbase Prime and Jump sold off 17,000 ether, creating selling pressure in the market. As expected, after the CPI release, short-term volatility for BTC and ETH declined by approximately 10 volatility points, while risk reversals fell further to -8 for ETH and -6 for BTC. This indicates that the options market remains cautious about potential downside risks from new supply.
