Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes, capturing key movements in the crypto markets last week, including the breakout moment on July 2, driven by a tariff truce between the U.S. and Vietnam.
BTC climbed above the $110,000 threshold while ETH pushed past $2,500, leading to heightened short-term volatility expectations as BTC’s weekly implied volatility briefly surged. The derivatives landscape revealed interesting anomalies, including unexpectedly negative SOL perpetual funding rates despite recent ETF launch approvals and a persistent pattern where ETH options maintained roughly double the implied volatility levels of BTC equivalents throughout both the upward move and any retracements.
Key Insights:
For detailed insights, readers may download the full report.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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