This week, Bybit released a report analyzing key movements in the cryptocurrency markets. The report covers the performance of BTC and ETH, along with other significant events.
BTC and ETH Volatility: Key Insights
Bitcoin (BTC) surpassed the $110,000 mark, while Ethereum (ETH) rose above $2,500. These changes were attributed to the trade agreement between the US and Vietnam, which increased short-term volatility expectations.
Derivatives Market Changes
In the BTC options market, there was an unusual period of calm, with a two-year low volatility level of 26%. This changed rapidly on July 2, lifting volatility back up to 35%. ETH saw a significant increase in volatility with a 10-point daily rise in its at-the-money implied level.
Overall Conclusions and Perspectives
Throughout the week, ETH volatility remained higher than BTC, indicating different market sentiments. The premium for ETH options shifted by 1.3%, which also suggests bearish tendencies in this market.
Bybit's report reflects significant changes in the cryptocurrency sector, particularly regarding BTC and ETH, opening new perspectives for investors and traders.
