Macro Tailwinds Fade Under Hawkish Fed The macro backdrop improved as tensions in the Middle East eased, reducing concerns around energy supply disruptions and supporting broader risk assets. However, the Fed’s latest hawkish stance offset some of that optimism, with markets increasingly pricing tighter financial conditions and a stronger dollar. Bitcoin […] The post Crypto Options Reset as Macro Support Meets Defensive Positioning appeared first on Deribit Insights .