Written by

Vetle Lunde

Senior Analyst

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.


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