Bitcoin $BTC just cracked $121K and Ether $ETH is pushing $3,050ābut hereās the twist: traders donāt care about Tuesdayās U.S. inflation data. Why? Because this rally isnāt about the Fed anymore.
š Options markets are screaming bullish. On Derive, nearly 20% of $BTC bets are stacked at the $130K level. ETH? Over 45% of open interest for this week targets $3,400. Thatās real conviction.
The reason? Itās all macro vibes:
Weak dollar = more risk appetite šø
U.S. debt's exploding again under Trump 2.0
Fiscal dominance is back, baby
Plus, itās Crypto Week in D.C. with pro-crypto bills in play
Even Deribit is showing calls > puts across the board. Inflation data? Might as well be background noise.
š¬ āBTCās rally is now powered by corporate adoption + global money flowsānot Fed cuts,ā says Two Primeās CEO.