Block Scholes X Bybit Crypto Derivatives Analytics Report (Aug 28, 2024): Despite the Sell-Off, Bullish Sentiment Post-Election Persists

Key Highlights:

Our weekly crypto derivatives analytics report dives into the current state of crypto, macro events and trading signals from spot trading volume and futures, options and perpetual contracts.

Derivatives markets remain positioned similarly after last week’s Jackson Hole Economic Symposium. Federal Reserve Chair Jerome Powell’s announcement of a rate-cutting cycle for September has had little effect on expectations, with markets already pricing in 100 basis points of cuts for the remaining meetings this year.