31 Jan 2023
Choppy but overall flat weekChoppy but overall flat week
- Flat week in the market
- Surging open interest on CME
- Growing ETF inflows
- The market is bracing for a 25bps FOMC hike Wednesday
- We expect a February slowdown
The past week has seen the crypto market consolidate after a remarkable period of sustained strength. BTC trades flat for the week but pushed higher this Sunday before erasing the entire upside on Monday, differing from the two previous weekend rallies, which have yet to be retraced.