Cryptocurrency derivatives market rebounds amid positive mood, Bybit x Block Scholes report finds

By Crypto Gloom On Sep 28, 2024

dubaiUAE, September 27, 2024 /PRNewswire/ — bybitThe world’s second-largest cryptocurrency exchange by trading volume has collaborated with Block Scholes, a famous quantitative finance company, to release the latest cryptocurrency derivatives analysis report. This report provides a comprehensive analysis of the cryptocurrency market’s reaction to the Federal Reserve’s recent interest rate cuts and highlights key trends in futures, options, and perpetual contracts.

After 50bp interest rate cut September 18, 2024Both the spot and derivatives markets showed positive sentiment. While the prices of Bitcoin (BTC) and Ethereum (ETH) have risen, open interest on futures and perpetual swaps remains high. Funding rates were generally positive and BTC call open interest was gradually increasing. Additionally, volatility smiles have widened for both BTC and ETH currencies, indicating increased investor optimism.

Key findings from the report:

Futures Market: Futures volume has declined, but open interest remains resilient, suggesting traders are maintaining their positions.
Perpetual Swaps: Perpetual swap open interest and volume remain relatively stable, indicating steady trader activity.
Options Market: BTC options activity favored puts over calls, but open interest on calls is slowly recovering. Implied volatility for short-term options decreased after the Federal Reserve cut interest rates, indicating growing optimism.

Bybit is committed to providing users with comprehensive market analysis and tools to help them make informed trading decisions.

For more information and to download the full report, visit: https://learn.bybit.com/crypto-insights/bybit-x-block-scholescrypto-derivatives-analytics-report-sep-25-2024/

#Bybit / #TheCryptoArk

Introduction to Bybit

Bybit is the world’s second largest cryptocurrency exchange by trading volume, serving over 50 million users. Founded in 2018, Bybit provides 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 Oracle Red Bull Racing team, Formula One’s constructor and driver champion.

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