CPI surprise reinforces rate-cut expectations, as crypto rallies with ETH moving to $4.7K and BTC closing in on $120K.
Extended macro tailwinds; Fed cut odds near certainty.
Leverage build-up across top altcoins hits a record $47 billion in Open Interest, raising volatility risk into resistance levels. Low implied volatility pricing across all maturities sets the stage for a possible sharp realized vol expansion.
Beijing expands its crypto crackdown, while Hong Kong defies the mainland by preparing to issue stablecoin licenses in March, raising questions about regulatory autonomy and US dollar dominance in digital finance.
A $1.2 trillion AI unwind rattled Wall Street, dragging tech and crypto-linked equities lower as investors brace for a pivotal CPI print that could reset rate-cut hopes and pressure risk assets from Nasdaq names to Bitcoin.
