Derivatives market shows positivity despite spot price decline and election influence on BTC options

From Investing.com

October 4th, 2024 07:30:41 AM:

Bybit and BlockScholes released a report on the derivatives market, showing optimism despite the decline in spot prices and the upcoming U.S. election. Futures trading activity surged in BTC contracts in September, while perpetuals saw a decline in open interest but encouraging trading volumes. BTC options were heavily influenced by the election.

The report reveals that short-term options in the derivatives market have started to mirror long-term volatility smiles, with a focus on out-of-the-money calls. The volatility premium due to the U.S. election for options expiring after Nov.5, 2024, has influenced market sentiment, as reflected in the shifting patterns in BTC spot prices and broader macroeconomic factors.

Amidst market fluctuations, Bybit serves over 50 million users globally, providing a professional platform with a fast matching engine, 24/7 customer support, and multilingual community support. They are a proud partner of the Oracle Red Bull Racing team in Formula One. For the full report and more information, visit the links provided.

Read more at Investing.com: Positivity in Derivatives Market Despite Spot Price Decline in Sep By Chainwire