began the trading week fairly flat, as many major financial centers around the world remained closed for the long easter weekend.“BTC and ETH showed relatively calm movement last week compared to other weeks in March, with weekly realized volatility hitting below 50%,” Jun-Young Heo, a derivatives trader at Singapore-based Presto Labs, said in an email interview.
He also noted that funding rates remain inflated, with most of the large-cap perpetual futures in major exchanges recording 6bps to 8bps funding rates and global open interest for BTC and ETH perpetual futures hitting 35 billion dollars.Meanwhile, QCP Capital wrote in a telegram note that bitcoin was rallying before the long weekend because of positive inflow on bitcoin ETFs to the tune of $243.5 million on March 27.
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