Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, has released an insightful crypto derivatives report. This report captures the underlying currents of Bitcoin (BTC) options amidst the recent surge in BTC spot prices.
The comprehensive analysis reveals that the positive movements in BTC spot prices have not directly translated into the derivatives market. Investors are now holding back, awaiting the U.S. election results, which could influence the current bullish trends. The report also highlights BTC’s dominance over Ethereum (ETH) in traders’ positioning.
Key Insights from the Report
One of the significant findings is that futures movements are lagging behind perpetual swaps. Despite a modest increase in futures open interest, it has not matched the recent notable bullish movements in BTC spot prices. The market has yet to reach the levels seen before the option expiration in late September.
In contrast, perpetual swap open interest has been on the rise, reaching a new high in recent months. This increase in trading activities and participation in perpetual contracts mirrors the optimism surrounding the recent rally.
Election Suspense and BTC Options Volatility
The report also highlights the relative stability of short-term options, which does not indicate significant price changes for BTC in the near term. However, the uncertainty tied to the U.S. election could trigger movements post-results, which historically have had a more significant effect on BTC volatility than recent spot price surges.
For those interested in a deeper understanding of the latest crypto derivatives trading trends and signals, the full report can be accessed here.
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.