😖 The beginning of the second quarter of 2024 has been tedious.

🥺 The price of $BTC dropped below $70,000 and has remained within a narrow range since then.

😵 #ETF flows have not had a substantial impact on price movements in either direction.

😕 As a result, funding rates have stabilized, and the front-end of the forward curve has decreased from its peak of 50% to below 20% currently.