Bybit’s Latest Report on Crypto Derivatives Reveals Surging Implied Volatility and Bearish Sentiment
Bybit, the world-renowned cryptocurrency exchange, has just released its newest Block Scholes Crypto Derivatives Analytics Report, providing crucial insights into the current state of the crypto market. This week’s report delves into macro events, trading signals, and the evolving sentiment in the crypto derivatives space, shedding light on the significant rise in implied volatility and growing bearish outlooks.
After a recent drop in spot prices, implied volatility has surged across major cryptocurrencies, particularly for ETH, where short-term option volatility matches long-term contracts. The derivatives market is leaning towards out-of-the-money puts for short-term options, signaling a bearish sentiment as spot prices remain subdued.
Key takeaways from the report include:
- Decline in Perpetual Open Interest: Open interest for perpetual contracts has been decreasing steadily, along with trading volumes, indicating diminishing confidence in the market amidst persistent volatility.
- Negative Funding Rates for SOL: SOL has experienced consistently negative funding rates, unlike tokens like CRV with positive rates. This shift occurred following the arrest of Telegram’s CEO.
- BTC Put Options Surpass Calls: Bearish sentiment is prevalent in BTC options markets, with more open interest in puts than calls. A similar trend is observed in ETH, though calls maintain a slight edge, suggesting cautious optimism.
The report also notes a rise in short-term bearishness, as fewer traders roll over call options after August contracts expire. With weak spot prices, this trend reflects broader market skepticism towards positive price movements in the near future.
For detailed insights, users can download the complete Block Scholes Crypto Derivatives Analytics Report today.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange, catering to over 37 million users. Established in 2018, Bybit offers a professional platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning champions: the Oracle Red Bull Racing team.
For more information on Bybit, visit Bybit Press.
For further updates, follow Bybit’s Communities and Social Media
ContactHead of PRTony AuBybittony.au@bybit.com