📊 #BITDailyChart# | Ethereum Attempts to Form a Double Bottom Ethereum is attempting to establish a double bottom, providing traders with a clearly defined technical support level. While fundamentals and market structure still warrant caution, the pattern suggests a more constructive outlook as long as Ethereum holds above its recent low. The softer-than-expected inflation reading has also improved the macro backdrop for risk assets. In addition, Ethereum ETFs could post their first month of net inflows after eight consecutive months of outflows, offering a potential, albeit modest, improvement in institutional demand. Disclaimer: This content is provided by a contracted analyst for informational purposes only and does not constitute investment advice. Investing involves risk. #BIT# #Ethereum# #ETH# #EthereumETF# #MacroMarkets#

While spot prices chop in a tight range, the derivatives market is coiling for a massive move under the surface. 📈💥 Bitcoin and Ethereum Implied Volatility (IV) has initiated a sharp rebound, fueled by an unprecedented wave of institutional call option purchases. The latest KuCoin blog breaks down what smart money is positioning for: 📊 The Volatility Floor Breaks: After $BTC 30-day IV hit a multi-month statistical low near ~31–33%, implied volatility is surging back as traders price in a significant range expansion. 🐋 Whale Block Trades: Institutional desks aggressively swept up ~40,000 options contracts, heavily clustering around the out-of-the-money $70,000 Bitcoin call strike. 🏛️ Macro Front-Running: Smart money is utilizing leveraged call options to secure upside exposure ahead of upcoming Fed interest rate decisions and ongoing Spot Ethereum ETF absorption. ☀️ Defying the Summer Slump: Instead of the typical Q3 seasonal drain, a plunging Put-Call ratio indicates derivative desks are actively prepping for an early Q3 breakout. Don't let spot consolidation fool you—the options market is dropping serious forward-looking clues. Read the full derivatives breakdown here: