Dubai, United Arab Emirates, October 22, 2024, Chainwire
Bybit, the world's second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, captures the pulse of the underlying currents of BTC options in its latest crypto derivatives report. The in-depth report offers a comprehensive view of the implied BTC price volatility under the recent surge in surface BTC spot prices.
The findings suggest that positive moves in BTC spot markets did not directly translate to the derivatives market, and short-term volatility looms as investors now await US election results before acting on bullish trends. current. It also showed BTC's dominance over ETH in traders' positioning.
Key ideas:
Futures movements lag behind criminals: The modest increase in futures open interest has not coincided with recent notable bullish moves in BTC spot prices, and the market has yet to see levels prior to the option expiry at the end of September.
Criminals take advantage of the confinement: By contract, the perpetual swap open interest has been rising to a new high in months. Spikes in trading activities and increased participation in perpetual contracts reflected the optimism of the recent rebound.
Electoral suspension in BTC options volatility: The relative stability of short-term options does not indicate significant price possibilities for BTC in the near term, but the tension linked to the uncertainty of the US elections could trigger movements after the result, which has shown a greater effect on the volatility of BTC than the recent surge in spot prices.
Access the Full Report:
To read the full report in context here, you will be able to delve deeper into the latest crypto derivatives trading trends and signals.
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About BybitBybit is the world's second largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit offers a professional platform where cryptocurrency investors and traders can find a lightning-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula One constructor and driver champions: the Oracle (NYSE:) Red Bull Racing team. For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit. comFor more information, users can visit: updates, users can follow: BybitDiscord Communities and Social Media | Facebook (NASDAQ:) | Instagram | LinkedIn | Reddit | Telegram | Tiktok | X | YoutubeContacthead of public relationsTony AuBybit[email protected]
This article was originally published on Chainwire.
