Bitcoin futures, options markets remain fairly neutral before US jobs report

quick take

• Bitcoin continues to hover around $28,000, with minimal price volatility over the past week.
• There have been many macro updates this week, mostly bearish on the US economic slowdown and OPEC+ announcements.
• Key reports to be released tomorrow include: US unemployment data.
• However, Bitcoin options and futures take a fairly neutral stance, with no bearish or bullish bias.
• The future perpetual funding rate is slightly longer, but has occasionally turned negative over the past week.
• Options implied volatility (IV), which continued to decline from the SVB collapse at the end of March. At the same time, we see an even amount of buyers on both puts and calls across the curve.
• This also coincides with reduced market depth liquidity. Bitcoin and Ethereum.

Bitcoin Futures, Options Market Remains Fairly Neutral Before U.S. Jobs Data First Appears on CryptoSlate.