Implied volatility spikes with bearish sentiment in crypto derivatives market

From Investing.com

September 6, 2024, 9:30 AM:

Bybit, the world’s second-largest cryptocurrency exchange, has released its latest Block Scholes Crypto Derivatives Analytics Report. The report highlights the increase in implied volatility and growing bearish outlooks in the crypto derivatives space. Implied volatility has spiked post last week’s dip in spot prices, with a shift towards bearish sentiment evident in the derivatives market.

Key insights from the report include a decline in perpetual open interest and trading volumes, suggesting waning confidence. SOL has negative funding rates, contrasting with CRV and TON. BTC put options now exceed calls, reflecting strong bearish sentiment. Short-term bearishness is increasing as traders show skepticism towards positive price action.

For more detailed insights, users can download the full Block Scholes Crypto Derivatives Analytics Report from Bybit. Bybit, established in 2018, serves over 37 million users and provides a professional platform with 24/7 customer service. Bybit is a proud partner of Formula One’s Oracle Red Bull Racing team. Visit Bybit Press for more details and follow Bybit’s Communities and Social Media for updates.

Read more at Investing.com: Implied Volatility Soars as Perp Open Interest Drops, New Bybit Report Reveals By Chainwire