🌴August 4 Market Update & Vol Analysis BTC is trading around $63,550, with short-term momentum remaining positive. Volatility has compressed significantly, leaving the market in a low-volatility phase ahead of a potential breakout catalyst. Macro conditions have improved. Fed official Williams expressed confidence in further inflation progress, easing concerns over tighter policy. Meanwhile, easing US-Iran tensions, the reopening of the Strait of Hormuz, and stronger US technology stocks have supported broader risk appetite. BTC ETF flows have turned positive again, suggesting improving institutional demand. However, derivatives positioning remains relatively balanced, with funding rates staying moderate and leverage sentiment not yet overheating. Overall, market sentiment has improved, but the direction remains unconfirmed amid compressed volatility. The 22:00 UTC JOLTS job openings report will be a key catalyst to watch, as it could influence Fed expectations and trigger the next market move. Deribit Top Strategy: BTC Call Calendar Spreads Deribit Top Option: BTC-25SEP26-70000-C 🎁Join the Deribit × SignalPlus Trading Competition for a chance to win private islands, a Rolex, and a share of the $600K prize pool: https://t.signalplus.com/deribitislandcompetition(Deribit)