DUBAI, UAE, Aug. 9, 2024 /PRNewswire/ -- Bybit, the world's
second-largest cryptocurrency exchange by trading volume, in
partnership with BlockScholes, is pleased to release its latest
Crypto Derivatives Analytics Report - Option Volatility Shows Worst
Time Might Be Over.
The report unveils a complex interplay of macroeconomic factors
and market sentiment that shaped the recent crypto landscape. As
the dust settles on a week of heightened volatility, triggered by
the unexpected nonfarm payroll figures, the report offers crucial
insights into the market's behavior.
While the crypto market has historically mirrored broader
economic trends, this latest downturn presents a nuanced picture.
Unlike previous sell-offs characterized by forced liquidations and
extreme volatility, the recent decline appears more contained.
Key Findings:
- ETH Futures Hold Strong: Despite a surge in trading volume, ETH
futures open interest remained remarkably stable, suggesting a more
cautious approach from futures traders.
- Perpetual Contracts Take the Hit: The sharp decline in open
interest for both BTC and ETH perpetual contracts underscores
the impact of leveraged long positions on the sell-off.
- ETH Underperforms: ETH's more pronounced price drop compared to
BTC, even after the launch of ETH Spot ETFs, raises questions about
the market's perception of the ETF's impact.
- Options Market Optimism: The disparity between realized and
implied volatility indicates that options traders are not
anticipating a prolonged period of heightened volatility.
These findings suggest that while the crypto market remains
susceptible to macroeconomic shocks, its resilience may be
improving. However, as the report emphasizes, the situation is
fluid, and investors should closely monitor market
developments.
Download the Full Report here
#Bybit / #TheCryptoArk / #BybitResearch
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by
trading volume, serving over 39 million users. Established in 2018,
Bybit provides a professional platform where crypto investors and
traders can find an ultra-fast matching engine, 24/7 customer
service, and multilingual community support. Bybit is a proud
partner of Formula One's reigning Constructors' and Drivers'
champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit's Communities and Social
Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram |
TikTok | X | Youtube
Logo -
https://mma.prnewswire.com/media/2267288/Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/bybit-report-crypto-market-rollercoaster---did-the-worst-sell-off-already-happen-302218712.html