BlockScholes X Bybit Crypto Derivatives Analytics Report (Aug 14, 2024): We May Have Seen a Bottom, as the Market Hasnt Factored in Further Volatility
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Our weekly crypto derivatives analytics report dives into the current state of crypto, macro events and trading signals from spot trading volume, futures, options and perpetual contracts.
The cryptocurrency market has experienced a period of relative calm after the volatility of the previous two weeks. Yet, a lack of clear catalysts has hindered a full recovery in spot prices.
Derivatives markets are reflecting this uncertainty, with volatility levels reaching a normalization of the term structure.
Sentiment toward Ethereum remains more bearish, with higher implied volatility, lower funding rates and a stronger skew toward out-of-the-money (OTM) put options.