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Bitcoin and Ethereum are basically flat-lining right now, everyone's just waiting to see what the inflation numbers look like. I've been watching the charts and a level premium indicates traders are pretty cautious heading into the report. You know how it is - nobody wants to make a big move before that kind of data drops.
The whole market's got that waiting-room energy. A level premium indicates that institutional money isn't really pushing things in either direction at the moment. Most of the action seems to be on the sidelines, which honestly makes sense given the macro backdrop.
If inflation comes in hotter than expected, we could see a sharp move either way. A level premium indicates the market's pricing in some uncertainty, so I'm expecting volatility once those numbers hit. Just keeping an eye on support and resistance levels for now.