News linked to both this project and an event.
Last week, major assets closed higher across the board: July Non-Farm Payrolls -23k severely dampened rate hike expectations, the USD broke below 100, and Gold and Crypto benefited in tandem. BTC/ETH ETF weekly net inflows were $853M/$245M, the third-largest institutional buying week of the year. Core risk this week: 8/12 CPI (08:30 ET), determining the direction of September rate hike expectations. Strategy advances on three fronts: Sell ETH weekly expiry $1,800 P (annualized ~15-20%), Sell HYPE 1D $52 P (annualized ~70%, newly listed on Bybit), Sell XAUT 1D $4,360 C (annualized ~30-60%). All three positions must be reduced to safe levels before CPI.
Bybit’s latest options weekly report states that all four directional predictions for this week were fulfilled: BTC hit a low of $59,130—surpassing the prior target range of $65,000–$67,000. Opening last week at $73,760 and plunging to $59,130, BTC recorded its largest single-week decline since the FTX collapse (roughly −20%). It has since rebounded to $63,000. Three bearish catalysts recently converged: stronger-than-expected NFP data reigniting rate-hike expectations; SpaceX’s IPO siphoning liquidity; and Strategy selling BTC for the first time in four years. Spot Bitcoin ETFs saw a record net outflow of $1.7 billion for the week. ETH’s daily RSI plunged to a historic low of 12.78, while BTC’s daily RSI dropped to 15.45—raising the probability of a technical rebound, though trend reversal remains unconfirmed. DVOL surged from its historical low of 35 to 55 before retreating to 48; put options have already been profitably closed. Currently, chasing long positions is discouraged. BTC faces significant resistance between $63,000 and $65,000. Entry should await either the June 10 CPI release or DVOL falling back to 40—or until BTC convincingly closes above $65,000.