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

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 is gradually recovering. 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 the 30-day volatility at 44.1% and the 10-day volatility at 27.9%, indicating that traders expect the market to continue to consolidate and it may be difficult to achieve a major breakthrough.