QCP: BTC/ETH rebounds, Coinbase premium narrows, volatility remains high.

QCP analysis indicates that Bitcoin and Ethereum rebounded, with BTC reaching a high of $71,000 and ETH reaching $2,150. The spot BTC ETF saw a net inflow of $145 million yesterday, compared to $371 million on Friday; the spot ETH ETF saw a net inflow of $57 million yesterday, ending three consecutive days of net outflows. On the macro front, easing tensions between the US and Iran, weak employment data, and increased market expectations for a March rate cut have contributed to this. The Coinbase BTC premium narrowed to 9 bps; the Crypto Fear & Greed Index remains at Extreme Fear 9; the BTC/ETH ratio held steady at 33-34; implied volatility declined but its absolute level remains high, suggesting that realized volatility will remain strong in the short term.