Bybit's latest options weekly report reveals BTC and ETH both declined last week, with the AHR999 bottom-fishing indicator plunging to 0.287, entering an historically extreme undervalued zone. The May PCE data recorded the hottest reading since autumn 2023, but markets had already priced in the expectation, triggering a 'buy the rumor, sell the fact' rebound. Technically, both BTC and ETH daily RSI show bullish divergence, while ETH implied volatility premium persists. This week's focus: JOLTS, ADP, NFP, and Warsh's debut at the Portuguese Central Bank forum. Strong employment data could pressure crypto assets again.

Bybit's latest options weekly report (June 23-29) shows BTC and ETH dropped 5.96% and 8.91% respectively, while the AHR999 bottom-buying indicator plunged to 0.287—entering the historically extreme undervaluation zone. May PCE came in hotter than expected but markets had already priced in, leading to a 'sell-the-fact' rebound. Technically, daily RSI for both BTC and ETH exhibited bullish divergence, with ETH's implied volatility premium (DVOL) remaining above BTC. Key events this week: JOLTS (June 30), ADP (July 1), Warsh's debut at Banco de Portugal forum (July 1 evening), and NFP (July 2, estimate 113K). Strong employment data could weigh on crypto assets amid rate hike expectations.

Bybit's latest options weekly report (June 23-29) reveals that BTC and ETH suffered significant weekly losses, with BTC down 5.96% to $60,206 and ETH dropping 8.91% to $1,574. The AHR999 bottom-fishing indicator plunged to 0.287, entering its most extreme undervaluation territory in history. Despite May's hotter-than-expected PCE data (headline 4.1%, core 3.4%), markets had already priced it in, triggering a 'sell the news' relief rally. On the technical side, both BTC and ETH daily RSI displayed bullish divergence, suggesting momentum is recovering faster than price. ETH's implied volatility (DVOL) remains significantly elevated relative to BTC, indicating a continued premium window. This week, key macro releases include JOLTS (June 30), ADP (July 1), Warsh's debut speech at the Portuguese central bank forum (July 1 evening), and NFP (July 2, consensus 113k, unemployment rate 4.3%). Strong employment figures combined with a hawkish Warsh could renew downward pressure on crypto assets.