Bybit, the world's second-largest cryptocurrency exchange, in collaboration with Blocks Scholes, has released an analytical report on the state of the bitcoin options market, highlighting the factors influencing current market trends.

Report Highlights

The Bybit and Blocks Scholes report delves into the implied volatility of BTC amidst the recent rise in spot market prices. The findings suggest that the positive changes in the spot market did not directly transfer to the derivatives market, with investors currently holding off for the U.S. election results.

Derivatives Market Trends

The report's key insights address the movement of futures and perpetual swaps. The modest increase in futures open interest does not align with the notable bullish movements in BTC prices, as the market has not yet reached the levels before the option expiration at the end of September. Meanwhile, interest in perpetual swaps continues to rise, reflecting investor optimism in recent changes.

Election Impact on BTC Volatility

The report also highlights the stability of short-term options, which does not indicate significant BTC price changes in the near term. However, the expected uncertainty associated with the upcoming U.S. elections could be a trigger for volatility shifts, exerting greater influence than the current rise in spot prices.

The Bybit and Blocks Scholes report provided a detailed view on current market dynamics and BTC volatility, along with insights on how the U.S. election results might influence future market shifts.