First Mover Asia: Bitcoin, Ether Prices Stuck in 'Wind Tunnel'

First Mover Asia: Bitcoin, Ether Prices Stuck in ‘Wind Tunnel’

Good morning. Here’s what’s happening:

Prices: Bitcoin was stable around $27,300.

Insights: Funding rates on bitcoin and ether perpetual futures, often an indication of sentiment, remain positive.

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Quiet market translates to less bullish energy

Crypto markets were quiet, and prices for both bitcoin (BTC) and ether (ETH) were trading below their 20-day moving average.

As CoinDesk markets analyst Glenn Williams Jr. wrote, trading volumes will be key to watch, since they could amplify or mute the sentiment behind any directional move.

According to Jeff Dorman, chief investment officer at the digital-asset manager Arca,

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