bullish

The crypto market’s feeling a bit jumpy this week, with everyone keeping a close eye on Nvidia’s earnings report coming out on August 28 and the U.S. Personal Consumption Expenditures (PCE) data dropping on August 30.&nbsp;
Traders are looking for any signs that might change things up for Bitcoin, Ethereum, and the rest of the gang. Let’s be real: nobody wants to get caught off guard, especially not with the market this twitchy.
After the Jackson Hole event, analysts noticed some weird stuff going on. They saw aggressive buying of call spreads—a move that usually screams, “Hey, we’re bullish!”&nbsp;
But then, out of nowhere, there was also heavy selling of calls around the 100k strike, stretching all the way out to March 2025. What the heck, right?
Now, here’s where things get interesting. Even with higher spot prices, the volatility for BTC and ETH is more skewed toward puts than calls until October. If you’re scratching your head, you’re not alone.&nbsp;
This tilt towards puts is odd, given all the bullish vibes everyone’s been throwing around. Maybe it means the market was ready for this move up and cashed out quickly by selling calls. Or, it could just be the big boys playing it safe, hedging their bets against some potential dips.
What’s more, even though we’ve seen a strong upward move in price, the vols are hinting at some hesitation. With the front-end volatility drifting lower, don’t be shocked if BTC just wobbles between the $62,000 to $67,000 range for a bit.
If Nvidia posts strong numbers, it might boost confidence across the board, including in crypto. On the flip side, if the numbers disappoint, we might see some ripples—or even waves—across the crypto market.&nbsp;
And then, of course, a higher-than-expected number could mean more rate hikes, which is not exactly what the market wants to hear right now. But let’s not jump the gun; analysts <a href="https://t.me/QCPbroadcast/1304" rel="noopener noreferrer nofollow" target="_blank">don’t</a> expect any major surprises here.

Crypto market awaits clues from Nvidia earnings and US PCE data

Cryptopolitan_News

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