Bybit, one of the largest global cryptocurrency exchanges, partnered with analytics firm Block Scholes to release their weekly crypto derivatives report, delivering vital market sentiment and volatility trends. The latest insights show a notable decline in volatility hedging demand, as broader market conditions begin to stabilize. This has resulted in calmer spot prices and corresponding shifts in derivatives behavior.
In the Bitcoin (BTC) derivatives market, negative funding rates persist, reflecting a cautious stance from traders despite BTC holding above $85,000. Interest in protective short-dated put options has diminished, indicating reduced demand for downside protection amid the softer price swings.
Meanwhile, Ethereum (ETH) volatility has receded, leading to a normalization of its implied volatility term structure. This is accompanied by a growing bullish sentiment, as open interest in ETH call options eclipses put options, signaling traders’ optimistic outlook on ETH’s near-term price upside.
Bybit’s collaboration with Block Scholes continues to deliver actionable analytics across spot, futures, perpetual, and options markets, essential for both institutional participants and savvy traders looking to navigate shifting crypto derivatives dynamics.
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