QCP Capital: BTC volatility is expected to fall before next week's FOMC meeting

QCP Capital pointed out in a post that the US CPI data released last night was in line with expectations, with the core CPI rising slightly to 0.3% month-on-month, higher than the expected 0.2%, which raised the probability of a 25 basis point rate cut by the Federal Reserve to 85%, the highest level in a month. In terms of cryptocurrencies, BTC rebounded from an intraday decline to regain $57,000, indicating strong demand and an increasingly bullish outlook. This is reflected in option activity, with growing demand for call options expiring in October to December. Driven by the CPI release and the presidential debate, BTC volatility fell 12 points this week, and volatility is expected to fall before the FOMC meeting next week due to the lack of major macro events in the near future.