Bitcoin and Ether Trading Flat as Bitcoin Halving Event Keeps Options Volatility High
Bitcoin and Ether were trading above $70K and $3600 respectively on Monday, with options volatility remaining high due to the upcoming Bitcoin halving event. The markets were relatively calm last week, but funding rates for large-cap perpetual futures remained inflated and global open interest for BTC and ETH perpetual futures reached $35 billion. QCP Capital noted positive inflows on Bitcoin ETFs before the long weekend, with $243.5 million on March 27 and an additional $182 million on March 28. The CoinDesk 20 was up 1.9% and trading at 2,750.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] GAIB (GAIB) will be listed in Bitget Innovation and AI Zone
New spot margin trading pair — ALLO/USDT, MET/USDT!
[Initial Listing] Bitget Will List Datagram (DGRAM) in the Innovation and DePIN Zone
Bitget Spot Margin Announcement on Suspension of L3/USDT, ULTI/USDT Margin Trading Services
