Ahead of the curve - April 25

Souring prices and a short-lived ETH frenzy on CME.

Worsening momentum

Market conditions soured this week. After a large sell-off on April 19, BTC slumped lower before stabilizing at $27k over the weekend, leading BTC to see a 7% downside in the past seven days. ETH underperformed, seeing losses of 12%, as open interest in ETH derivatives quickly retraced to pre-Shanghai levels.

The week has seen several d…