Dubai, United Arab Emirates, September 6, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest report Block Scholes Crypto Derivatives Analytics Reportoffering critical insights into the current state of the cryptocurrency market. This week’s report delves into macroeconomic events, trading signals, and the ongoing shift in sentiment in the crypto derivatives space, highlighting a significant augment in implied volatility and a growing bearish outlook across the board.
Following last week’s drop in spot prices, implied volatility has surged across the major cryptocurrency term structure, especially for ETH, where short-term volatility in 7-day options has matched longer-term contracts. The derivatives market is tilting towards out-of-the-money (OTM) puts for short-term options, indicating bearish sentiment as spot prices remain subdued.
Key findings from the report include:
The report also highlights that short-term pessimism is rising, with fewer traders renewing call options after August contracts expire. As spot prices remain feeble, this trend reflects broader market skepticism about positive price action in the near future.
Users can download the full Block Scholes Crypto Derivatives Analytics Report today for more detailed information.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second largest cryptocurrency exchange by trading volume, serving over 37 million users. Founded in 2018, Bybit provides a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer support, and multilingual community support. Bybit is a proud partner of the reigning Formula 1 Constructor and Driver Champions: Oracle (NYSE:) Red Bull Racing.
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ContactPR ManagerTony AuBybittony.au@bybit.com
