BTC reached an all-time high of $118,700 from $111,000, while ETH approached $3,000 from $2,750. This price movement is supported by increasing market conviction and macroeconomic factors. BTC's 7-day implied volatility rose from 30% to 40%, while ETH maintained a volatility of around 65%. The passing of Trump's Big Beautiful Bill has contributed to a favorable risk-on sentiment. A record inflow into BlackRock's ETHA ETF suggests growing institutional interest. Options market data indicates bullish bets on BTC and ETH prices in the coming weeks, reflecting trader confidence.
The weekend rally saw BTC reaching new all-time highs, surging from $111,000 to $118,700, with ETH climbing close to $3,000, driven by strong market conviction.
BTC's 7-day implied volatility increased from 30% to 40%, indicating renewed market momentum, while ETH's volatility remains steady at around 65%, reflecting significant trader expectations.
The passing of Trump's Big Beautiful Bill signals looser policy, historically leading to crypto rallies, alongside indications of downward trends in interest rates that favor risk assets.
Recent options flow shows 20% focus on a $130K BTC call and significant bets on BTC breaking $120K by July 18, indicating strong short-term bullish sentiment.
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