BybitThe second largest cryptocurrency exchange in the world has released the latest information. Encryption Derivatives Analysis Report Together with Block School, it was caused by a customs ceasefire between the United States and Vietnam, including the main movement in Crypto Markets, including the brake out moment of July 2 last week.
The BTC exceeded the threshold of $ 110,000, and the ETH exceeded $ 2,500, raising short -term volatility expectations as BTC’s weekly implicit volatility surged for a while. In spite of the recent approval of ETF launch, the derivatives environment has been unexpectedly discovered, including a continuous pattern that maintains approximately twice the implicit variable level of the BTC equivalent in both the voice brush’s permanent funding rate and the ETH option.
Major insights:
- The BTC option volatility has fallen to the lowest level of two years. The BTC option market experienced an abnormal quiet period last week, and the 7 -day apocalyptic volatility dropped to 26%on June 27. On July 2, the rally, below the typical support level, pushed volatility to 35%in the wider market optimism after the US-Vietnam Trade Agreement.
- ETH volatility no longer rose. ETH surpassed the BTC during the July 1-2 period, rising from $ 2,400 to $ 2,500, so it surged 6%in trade trading news. This price measure increased ETH’s seven days of implied implicit apocalyptic volatility every day. During this period, the ETH options continued to twice as long as the implicit volatility of similar BTCs.
- ETH OPTIONS SKEW has been optimistic. The volatile term structure of ETH and BTC’s power duo has been limited in price movement, maintaining a relatively balance for most weeks. The ETH showed a more dramatic change than the BTC, and the 7 -day option is now a 1.3% premium, and it has been completely reversed in -1.9% PUT SKEW the day before.
Readers can do it for detailed insights. Download the entire report.
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