The US PPI data for July was slightly lower than expected, with the core PPI monthly rate falling to zero

US PPI data for July fell sharply slightly below expectations, with the monthly core PPI rate dropping to zero, and today's US stock market opened with notable gains in popular stocks. However, there was little volatility on the crypto side, which was not inspired by the big rise in US equities, and the major short and main term IVs fell. There is more important CPI data tomorrow, but looking at the options data, the market expects little at this point, with a small bearish bias in short-term Skew, and major term IV and Block data relatively flat. With RV down sharply this week and IV under significant pressure, short-term IV is still high compared to the average, and those looking to short volatility can sell ETH short-term options.