Spot is flat, with BTC at $94,400 and ETH at $3,100 as of this writing. While some suggest the post-US election honeymoon is over, attention is shifting toward the upcoming inauguration. There is speculation that Trump could issue executive orders addressing crypto debanking and SAB 121. December CPI is due on Wednesday, with consensus at 2.9% headline and 3.3% core, alongside bank earnings.
Implieds and realizeds edged higher. Basis now sits around 12% annualized. Flows featured BTC put spreads and ETH puts sold.