Written by

Vetle Lunde

Senior Analyst

18 Apr 2023

Exploding institutional activity in ETH

Shanghai - a buy-the-news-event.

In short

As expected, Shanghai was followed by massive ETH withdrawals. Nonetheless, the market overestimated the Shanghai selling pressure, leading ETH to outshine BTC on the backdrop of burgeoning institutional activity.


Bitcoin still oscillates at 30k

ETHBTC pushes from 0.062 to 0.07

Spot volumes grow by 41%

BTC Perp OI retraces last week's surge

More than 1 million ETH withdrawn following Shanghai

ETH OI on CME up 44% in the past week