The latest report from Bybit and Block Scholes reveals that the Bitcoin options market remained stable during year-end expirations, surprising many as options typically cause price swings. Traders were cautious but confident in their options' stability, leading to relatively stable open interest in Bitcoin perpetual swaps. However, Bitcoin futures open interest has dropped below $60 billion, currently standing at around $56.6 billion. The report also notes that the implied volatility term structure for BTC options remains steep, suggesting potential short-term volatility. Ethereum options also remained stable through the end of December, but the spot price is showing lower volatility. ETH call options have gained momentum, and Ethereum open interest stands at $25.5 billion, returning to mid-December levels.



Other News from Today