Bitcoin (BTC) and Ether (ETH) prices remain stable as the crypto market looks calm ahead of the Bitcoin halving

Bitcoin (BTC) and Ether (ETH) started the trading week fairly flat as many major financial centers around the world remained closed over the Easter long weekend.

“BTC and ETH showed relatively quiet movement last week compared to other weeks in March, with weekly realized volatility below 50%,” said Jun-Young Heo, a derivatives trader at Singapore-based Presto Labs, in an email Email interview. “However, with the Bitcoin halving expected to occur around April 20, the first month options implied volatility remains above 75%.”

He also noted that funding rates remain inflated, with most large-cap perpetual futures on major exchanges seeing funding rates of 6 to 8 basis points and global open interest for BTC and ETH perpetual futures reaching 35 Billion dollars reached.

“Markets could return to a more volatile regime,” he continued.

Meanwhile, QCP Capital wrote in a Telegram note that Bitcoin rallied ahead of the long weekend due to positive inflows into Bitcoin ETFs of $243.5 million on March 27. Coinglass data shows that this inflow continued on March 28 with additional inflows of $182 million.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers