The cryptocurrency exchange Bybit has released a fresh report on the derivatives landscape in crypto, analyzing the key trends in the market.
Bitcoin's Momentum
According to the latest data, Bitcoin has shown significant strength, reaching a record high of $123,000. Its growth is expected to be supported by positive trends in the derivatives market. Open interest in perpetual futures on Bybit surpassed $13 billion.
Situation with Solana
Despite institutional backing and positive signs, Solana recorded a 9% growth, which is lower than other L1 blockchains. The SOL staking ETF has seen steady inflows since its launch on July 2.
Trends in Ethereum
Ethereum reclaimed the key level of $3000, posting over 20% growth in the week. The derivatives market shows a bullish sentiment, with increased implied volatility for ETH options.
The Bybit report highlights current trends in the cryptocurrency space and emphasizes the need to carefully monitor market changes, particularly in the BTC and ETH segments.
