Gate Research Institute stated that BTC is currently oscillating at a low level in the range of about $108,000–$109,000, lacking a clear short-term direction; ETH is consolidating in the range of $3,850–$4,050, with selling pressure still present, but the decline has narrowed compared to earlier periods. The market is currently focused on the upcoming release of two key economic data points: the September CPI and the October manufacturing PMI. Predictions indicate that the CPI may show a slight year-over-year decline but remains at a high level, while core inflation remains sticky, which could influence the policy direction at the interest rate meeting on October 28–29.
In the options market, implied volatility (IV) remains high, with BTC IV around 49% and ETH IV around 75%. The 25-Delta Skew for 7-day BTC options is still negative, indicating that short-term bearish demand remains dominant; the Gate App options feature has been fully launched, supporting USDT-settled options for mainstream assets such as BTC, ETH, SOL, XRP, DOGE, TON, ADA, and LTC, and providing cross-currency margin and portfolio margin mechanisms to further enhance users’ trading flexibility and capital efficiency.
Learn more: https://www.gate.com/options/BTC_USDT
