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Looming US CPI Report Has Bitcoin Investors Seeking Protection in Case Inflation Tops Expectations

"Last month, ahead of the inflation data, traders bid weekly calls, pushing the seven-day call-put skew above the positive territory. However, that trade was a huge loser. As such, traders are staying away from such bets this time," Gregoire Magadini, CEO of options analytics platform Genesis Volatility, told CryptoX. Source

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Bitcoin battles whales above $22K as BTC price faces US CPI data

Bitcoin (BTC) continued to battle major resistance on Sep. 13 as markets prepared for United States inflation numbers.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Serious" whales present new BTC price hurdlData from Cryptox Markets Pro and TradingView tracked BTC/USD as it sought to push through $22,500.Bulls had attempted to vanquish a

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