Bitcoin Soars Past $70K Ahead of April Halving Event, While Ethereum Lags Behind in Pricing Fundamentals

Bitcoin has hit new highs, with prices over $70K, CME futures interest surpassing Binance, and futures basis reaching 25% annualized
Bitcoin halving in April expected to reduce block rewards from 6.25 to 3.125 coins, potentially leading to 200% yearly returns to $91.5K
Halving event is predictable, so less uncertainty and surprise compared to spot ETF approval
Bitcoin options show halving narrative priced into short-term options, while Ethereum options see lack of optimism and puts being bid up
Ethereum supply decreasing and fundamentals not priced in yet compared to Bitcoin, presenting potential post-halving rotation opportunity