Bitcoin’s on Top, Darling!

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Bitcoin‘s on Top, Darling!

Bitcoin’s on Top, Darling!

What to know:

  • Bitcoin’s options market is positively buzzing, darling, with investors placing their bets on a price climb.
  • The Fed, bless their hearts, still thinks we’ll have two rate cuts this year, and Chairman Powell assures us that inflation is just a passing fancy.
  • Ether, however, is still a bit glum. Those Ethereum upgrades, darling, just aren’t exciting the market yet.

Bitcoin, the darling of the crypto world, is looking positively bullish after the Federal Reserve’s latest meeting. Those options markets are positively teeming with bets on a price surge, and who can blame them? After all, the Fed is still predicting two rate cuts this year, and Chairman Powell insists that inflation is just a temporary hiccup.

The short-term and long-term risk reversals, which show how much investors are willing to pay for bullish bets (calls) versus bearish bets (puts), are all awash in positive sentiment. It’s a far cry from the bearish gloom that gripped the market just weeks ago.

“Darling, the front end skew has flipped in favour of calls!,” whispers Paradigm, the exclusive club for institutional investors. “Flows have been all about those outright calls and calendars, while puts are gathering dust.

Of course, options are just bets, darling. But when the big players are piling in, you can’t help but wonder if they know something we don’t.

All this bullishness comes as no surprise, considering the Fed’s latest pronouncements. They’re still predicting two rate cuts this year, and they’ve even slowed down their balance sheet run-off. But the real clincher is Chairman Powell’s downplaying of the inflationary impact of Trump’s tariffs. He’s calling it “transitory,” darling, which means it’s just a passing phase.

Then there’s the whole Ripple situation. The SEC and Ripple finally called a truce, and that’s good news for XRP, the world’s fourth largest cryptocurrency.

Ether Still Hasn’t Caught the Fever

But while Bitcoin is basking in the glow of good news, Ether is still feeling a bit glum. Those ether options are still showing a bias for puts, and the market just doesn’t seem to be buying into the hype surrounding the Ethereum Pectra upgrade.

Sure, the upgrade is supposed to be a game-changer, introducing smart accounts, blob scaling, and all sorts of other bells and whistles. But the

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2025-03-20 10:38