• $BTC momentum is rebuilding. Funding has turned positive at 3.3%, carry healthy across the curve, and realized vol has cooled sharply on the front end. IV is compressing while skew remains moderately negative, meaning hedging demand exists but panic is gone. Structure looks constructive.

  • $ETH is more neutral. Funding flat, short-end IV easing, but 1M realized vol still elevated. Skew is less extreme than earlier in the month, signaling reduced defensive positioning.

#AI #Ithaca #TradingSignal #BTC☀
#ETH $XAU

Bottom line: BTC leading the recovery with improving structure. ETH stabilizing, but still catching up in vol normalization.