Federal Reserve Chairman Jerome Powell has hinted at a possible halt to tapering, citing significant downside risks to employment. The market took this as a dovish signal, causing the U.S. dollar to weaken and the probability of a rate cut at the Oct 28–29 FOMC meeting to surge to 97.8%.
In crypto markets, BTC has stabilized above $110,000, while ETH shows reduced selling pressure. Despite calmer price action, options volatility (IV) remains elevated — BTC IV ~45%, ETH IV ~70% — reflecting ongoing uncertainty. The 7-day 25 Delta Skew turned positive, signaling growing rebound expectations among traders.
Market sentiment has shifted from risk-off to cautiously optimistic, with eyes on upcoming U.S. economic data and Fed commentary.
🔹 Gate App’s Options Feature is now live, supporting USDT-settled options for top assets like BTC, ETH, SOL, XRP, DOGE, TON, ADA, and LTC, with cross-currency and portfolio margin options for advanced trading flexibility.
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Federal Reserve Chairman Jerome Powell has hinted at a possible halt to tapering, citing significant downside risks to employment. The market took this as a dovish signal, causing the U.S. dollar to weaken and the probability of a rate cut at the Oct 28–29 FOMC meeting to surge to 97.8%.
In crypto markets, BTC has stabilized above $110,000, while ETH shows reduced selling pressure. Despite calmer price action, options volatility (IV) remains elevated — BTC IV ~45%, ETH IV ~70% — reflecting ongoing uncertainty. The 7-day 25 Delta Skew turned positive, signaling growing rebound expectations among traders.
Market sentiment has shifted from risk-off to cautiously optimistic, with eyes on upcoming U.S. economic data and Fed commentary.
🔹 Gate App’s Options Feature is now live, supporting USDT-settled options for top assets like BTC, ETH, SOL, XRP, DOGE, TON, ADA, and LTC, with cross-currency and portfolio margin options for advanced trading flexibility.
More details: https://www.gate.com/zh/learn/articles/gate-research-powell-signals-possible-halt-to-balance-sheet-reduction-options-volatility-remains-elevated/12906