Bitcoin, Ether Traders Gear Up for Binary CPI Print Volatility

As the U.S. Consumer Price Index (CPI) print approaches, Bitcoin and Ether traders are preparing for a potentially volatile market event.

CoinDesk spoke with traders who revealed their strategies ahead of the binary CPI announcement.

'We're expecting a big move in both directions,' said a trader, 'and we're positioning ourselves accordingly.'

The trader plans to buy if the CPI print is lower than expected and sell if it's higher. This 'binary' approach takes into account the potential for a sharp market reaction regardless of the outcome.

Another trader emphasized the importance of being prepared for any scenario, stating, 'You have to be ready to adapt no matter what the numbers say.'

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