Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest Block Scholes Crypto Derivatives Analytics Report, offering critical insights into the current state of the cryptocurrency market. This week’s report dives deep into macro events, trading signals, and the ongoing shift in sentiment within the crypto derivatives space, highlighting the significant increase in implied volatility and growing bearish outlooks across the board.
Following last week’s dip in spot prices, implied volatility has spiked across the entire term structure for major cryptocurrencies, notably for ETH, where short-term 7-day option volatility has matched long-tenor contracts. The derivatives market is skewing towards out-of-the-money (OTM) puts for short-term options, indicating bearish sentiment as spot prices remain subdued.
Key insights from the report include:
Users can download the full Block Scholes Crypto Derivatives Analytics Report today to get more detailed insights.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press.
For media inquiries, users can contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
ContactHead of PRTony AuBybittony.au@bybit.com
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
