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Bybit x Block Scholes Derivatives Report: Markets Emit Mixed Signals of ETH’s Lead over BTC

  • Bybit, the world’s second-largest cryptocurrency exchange, collaborated with Blocks Scholes to release a derivatives analytics report.
  • ETH perpetual positions decreased while it maintained a lead over BTC in options open interest.
  • ETH saw a decline in open interest due to lackluster spot prices, resulting in lower funding rates.
  • ETH options exhibited an inverted term structure driven by realized volatility exceeding forward-looking expectations.

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