11 Apr 2023
A volatile Wednesday ahead?
Back above 30k
In short
BTC reclaimed $30k after a steady Easter ending with a strong push on Monday accompanied by burgeoning CME activity and offshore liquidations. The stage is set for a volatile Wednesday as Shanghai, CPI, and FOMC minutes all await.
Takeaways
Spot volumes near 1-year lows
BTC surpasses $30k
CME OI up 16% on Monday
Funding rates still neutral
Striking similarities between the current cycle and the 2018-19 cycle
