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Bybit Report: Market Stability Amid Macro Events

3 months ago
3 months ago


Unveiling the Latest Crypto Derivatives Analytics Report: Bybit x Block Scholes

Discover the groundbreaking insights from Bybit, the world’s second-largest cryptocurrency exchange, and Block Scholes in their newest Crypto Derivatives Analytics Report. Gain a comprehensive view of the crypto market, focusing on recent macroeconomic events and trading signals from futures, options, and perpetual contracts.

Key Takeaways from the Report:

  • Stability in Futures Market Amidst Volatility: Despite a recent spot price sell-off pushing BTC below $59,000, the open interest in futures markets has remained stable. The decline in perpetual swap open interest indicates fewer overleveraged positions, reducing risk for traders during market turbulence.
  • Optimistic Sentiment Post-U.S. Election: The market’s reaction to the upcoming U.S. presidential election signals a bullish skew for out-of-the-money calls on post-election expirations, reflecting anticipation of a positive outcome for crypto assets.
  • Positive Shift in TON Funding Rate: TON’s funding rate has turned positive following the arrest of Telegram CEO Pavel Durov, indicating strong demand for leveraged exposure to TON. Meanwhile, ETH has seen weak demand in the perpetual swap market.

    • “Our latest report highlights the resilience of the crypto derivatives market amidst macroeconomic uncertainties,” said Cyrus Ip, head of innovation. “As global events like the U.S. presidential election approach, our insights offer valuable guidance for traders navigating this dynamic landscape.”

    Bybit continues to provide cutting-edge tools and insights to its users, emphasizing transparency and market integrity. With over 40 million users worldwide, Bybit leads the crypto industry, offering exceptional trading experiences across various digital assets.

    #Bybit / #TheCryptoArk

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