Bitfinex: Optimism in the crypto market is gradually rising, but achieving a significant breakthrough may be difficult

ChainCatcher news, the latest report from Bitfinex Alpha indicates that the softening CPI data and easing trade tensions have helped BTC maintain in the $113,600 range, and the optimistic sentiment in the crypto market is gradually recovering.

Since the record $19 billion liquidation on October 10, market volatility has also significantly cooled down. The total open interest of BTC options has decreased by about $7 billion to $31 billion, marking the largest weekly decline since June. The actual volatility continues to decline, with a 30-day volatility of 44.1% and a 10-day volatility of 27.9%, indicating that traders expect the market may continue to consolidate, making significant breakthroughs difficult.