Odaily News Deribit published an analysis on the X platform, saying that Fed Chairman Jerome Powell's speech after the CPI strengthened the policy stance, leading to bearish sentiment that once again pushed down the price of cryptocurrencies. However, there was optimism on the Ethereum ETF timeline, and influential people provided favorable news about the approval of the S1 ETH ETF, which brought the timeline forward and brought greater certainty. Traders reacted quickly and bought $3,500-3,700 call options expiring on June 21. Deribit said that it is an excellent opportunity to buy call options, with spot prices at low levels, many short positions, suppressed bullish tilts, and implied volatility lower than actual volatility.