Fast Take
- Bitcoin continues to hover round $28,000, with minimal value motion over the previous week.
- Many macro updates have occurred this week, primarily bearish relating to the stalling U.S. financial system and OPEC + announcement.
- Key studies popping out tomorrow embody; U.S. unemployment knowledge.
- Nonetheless, Bitcoin choices and futures take a reasonably impartial stance with no heavy bearish or bullish bias.
- The longer term perpetual funding fee is barely lengthy however has flipped destructive often prior to now week.
- Whereas choices implied volatility (IV) had continued decrease from the SVB collapse on the finish of March. On the identical time, we see an excellent quantity of consumers for each places and calls throughout the curve.
- This additionally coincides with a decreased market depth liquidity for Bitcoin and Ethereum.
The put up Bitcoin futures, choices markets stay pretty impartial earlier than US jobs report appeared first on CryptoSlate.
