Why Traders Are Laughing at Inflation: Bitcoin’s Happy Dance Continues!

What to know (or pretend to know at parties):

Traders are going all in on Bitcoin and Ether like kids at an all-you-can-eat buffet 🍕, while everyone else rolls their eyes at Tuesday’s U.S. inflation data, which is being treated like that awkward uncle at Thanksgiving.

BTC, the cryptocurrency equivalent of winning the lottery, soared over $121,000 during Monday’s Asian trading hours, because why not? That’s a 2.7% gain in 24 hours! Talk about a glow-up. 💅 This price jump brings its year-to-date gain to nearly 30%. Someone’s definitely getting a yacht for Christmas!

Meanwhile, Ether decided to join the party, bouncing up 3% to the fancy price of just below $3,050. Oh, and other major players like XRP, Dogecoin, BNB, and Solana are also flexing with gains between 3% to 5%—might as well add them to our group chat! 📈

Options activity at Derive is off the charts, with the $130,000 call option being like the hottest ticket in town. “Almost 20% of the open interest on Derive’s Sept 26 expiry for BTC is concentrated at the $130K call,” said Nick Forster, founder at Derive, who clearly has better luck than I do finding parking spots.

In ETH’s corner, 45% of its July 18 expiry open interest is zeroing in on the $3,400 strike. And 16% of weekend volume? That’s a power move, people. We should all follow ETH’s lead and make better weekend plans! 🥳

“Volatility is chill compared to 2020-21, but conviction is rising—especially with ETH,” Forster continued. Note: I wish my conviction levels about doing laundry were that high.

Options on the centralized behemoth known as Deribit are echoing the “give me the bullish bets” vibe for Bitcoin and Ether. The calls are more expensive than puts across the board, which honestly feels like every holiday shopping season ever.

Inflation? Pshhh, non-event.

The main act this week? The U.S. consumer price index (CPI) inflation data dropping Tuesday. Buckle up! It’s predicted to show a rise of 0.23% on the month, which is ‘meh’ in inflation terms—think of it like putting on a few pounds during the holidays.

Crypto and traditional investors have been binge-watching the CPI for years now as it influences the Federal Reserve’s mood swings—when it’s not ‘just chillin’ in their basement with a bag of chips.

Yet, according to the originators of LondonCryptoClub, inflation this time? Not affecting our beloved crypto as much! “We’re still riding high in a ‘Goldilocks’ macro environment,” they quipped, sipping tea in their imaginary castle. The U.S. economy is slowing, but not in a dramatic soap opera way. 🎭

They claim that fiscal extravagance, a booming global money supply, and a soft U.S. dollar are behind the current bull market. So, the Fed’s influence is basically off on a coffee break.

Let’s not forget President Trump’s recent financial shenanigans, which essentially brought back the drama with a tax bill expected to add $3 trillion to our national debt. It’s like a financial sequel nobody asked for! 🎬

So, turns out the forces driving crypto right now aren’t so much about those pesky Fed rate cuts. It’s about fiscal flair, a softer dollar, and a fun little thing called global money supply. Less sensitivity to Fed news means more time for dancing. 💃

Welcome to Crypto Week!

This week, named ‘Crypto Week’ (yes, quite the original title) by the Trump administration, might see the House of Representatives chatting about several crypto bills. They might have hotter topics than my last Tinder date! 🔥

Positive vibes on this front could help Bitcoin keep its cool, and corporate adoption? Oh, that’s a cherry on top! 🍒

“Bitcoin’s strong moves are driven by demand from corporate treasuries,” Alexander Blume, CEO at Two Prime, stated, possibly without incidentally knocking over a drink in the process. “I expect this week to bring good news. As long as inflation numbers stay ‘normal,’ Bitcoin can keep on truckin’.”

Blume emphasized: “One, the Bitcoin market is basically living its own life, separate from the broader economy. Two, the Fed seems more politicized, which is like ignoring that annoying ringtone on your neighbor’s phone.”

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2025-07-14 09:18