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.
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