Market on alert ahead of CPI: hedges in BTC and targets in ETH
In the last hour, derivatives traders have increased demand for puts of $BTC in 115 K–118 K to hedge risk ahead of the US CPI data (12:30 UTC), which could cool expectations of Fed rate cuts if it comes in higher than expected. Meanwhile, the 'rally of the week' has put $ETH on the radar with technical targets at 4.8 K, while the strength of several altcoins has pulled the market instead of following BTC, which is unusual. For tactical profiles on Binance, the focus today is on risk management and quick response to the data.
