Fed rates decision incoming – how do BTC and ETH react? ETH exchange balance falls to new low likely due to upcoming The Merge catalyst. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

ETH options skew rises as traders bid up puts with The Merge closing in. ETH perpetual futures funding rates printing negative. BTC technicals look shaky as crosses key moving average to the downside.

ETH's The Merge was completed. ETH is down 13.5% since The Merge; BTC is outperforming. US Aug inflation at +8.3% YoY, higher than expected. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌