CandleFocus Bybit x Block Scholes Derivatives Report: ETH Outpaces BTC Amid Market Shifts
2024-12-12
Author: Content Editor
The report by Bybit and Block Scholes highlights shifting trends in cryptocurrency markets. Despite a decline in Ethereum perpetual positions, Ethereum continues to have more options open interest than Bitcoin, attributed to recent price pullbacks. Bitcoin's retreat from the $100K level and Ethereum's dip below $4K have led to a decline in ETH's open interest in derivatives markets. Funding rates have returned to a more neutral level after a wave of liquidation, indicating a more cautious market environment. However, Ethereum's options market remains strong, with open interest maintaining a bullish outlook, although trading volumes have decreased due to recent spot price movements.
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