Bitfinex Report: Crypto Market Optimism is Gradually Recovering, but Achieving a Major Breakthrough May Be Difficult

Odaily Planet Daily reported that Bitfinex Alpha's latest report pointed out that the weakening CPI data and the easing of the trade situation helped BTC maintain the $113,600 range. The current optimism in the crypto market has gradually recovered. Since the record $19 billion liquidation on October 10, market volatility has also cooled significantly. The total amount of BTC options open interest has shrunk by about $7 billion to $31 billion, the largest single-week drop since June. The realized volatility continued to decline, with a 30-day volatility of 44.1% and a 10-day volatility of 27.9%, indicating that traders expect the market to continue to consolidate and it may be difficult to achieve a major breakthrough.