Bitcoin and ether traders brace for July CPI volatility

Bitcoin and ether traders are making calculated moves, employing a mix of options strategies and on-chain accumulation tactics, as they brace for the release of the July U.S. Consumer Price Index (CPI) report. This pivotal macroeconomic data point, scheduled for Wednesday, August 12, 2026, at 8:30 a.m.Eastern Time, looms as a “binary event” with the potential to break Bitcoin’s weeks-long trading range of $62,000 to $66,000.Traders target bitcoin’s upside potentialMarket