bullish

Chair

Bitcoin

Block

<a href="https://bitcoinworld.co.in/bitcoin-breaks-100k-amid-market-volatility-november-option-volatility-report-by-bybit-and-block-scholes/" title="Bitcoin Breaks $100K Amid Market Volatility: November Option Volatility Report by Bybit and Block Scholes" rel="noopener noreferrer nofollow"></a>

DUBAI, UAE, Dec. 6, 2024 /PRNewswire/ — <a href="https://www.bybit.com/en/press" rel="noopener noreferrer nofollow" target="_blank">Bybit</a>, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, unveils its <a href="https://learn.bybit.com/crypto-insight/november-option-volatility-report/" rel="noopener noreferrer nofollow" target="_blank">November Option Volatility Report</a>, spotlighting Bitcoin(BTC)’s milestone of surpassing $100K. The detailed analysis delves into key market dynamics and option volatility trends, offering insights to potentially guide traders through the evolving crypto landscape.
Bitcoin’s Volatility on the Path to $100K
Bitcoin’s journey to $100K has been fueled by surging demand for call options and strong bullish sentiment, particularly leading up to the U.S. presidential election on November 5.
<ul>
 <li>Implied Volatility Surge: Short-term implied volatility spiked 25 percentage points higher than post-election expirations, signaling traders’ anticipation of significant price movements tied to electoral outcomes.</li>
 <li>Call/Put Skew Dynamics: Elevated demand for bullish call options underpins the market’s optimism. Despite a temporary retracement to $91.3K, futures markets reflected persistent bullishness, affirming confidence in BTC’s resilience.</li>
</ul>
Ethereum Outshines Bitcoin Post-Election
Ethereum (ETH) continues to gain traction, bolstered by pivotal market events, including the resignation of SEC Chair Gary Gensler.
<ul>
 <li>ETH’s Momentum: Traders are increasingly favoring ETH, as evidenced by a declining BTC-to-ETH spot price ratio and rising demand for ETH options.</li>
 <li>Implied Volatility Premium: ETH’s options market demonstrates robust bullish sentiment, with a stronger skew towards calls compared to Bitcoin.</li>
</ul>
Insights from the Report
The report captures the nuanced interplay of volatility, trader sentiment, and macroeconomic factors shaping the crypto market’s future. Key takeaways include:
<ol>
 <li>The sustained bullish outlook for Bitcoin despite short-term volatility adjustments.</li>
 <li>Ethereum’s growing dominance and potential to outperform Bitcoin in the near term.</li>
 <li>The significant influence of political and regulatory developments on crypto market dynamics.</li>
</ol>
Commenting on Bitcoin’s milestone achievement of $100K, Shunyet Jan, Head of Institution at Bybit, emphasized the pivotal role of recent political developments in driving the surge.
<blockquote>
 “The recent rally can largely be attributed to Trump’s pick of Paul Atkins, a former SEC Chair and a vocal crypto supporter. This announcement has significantly bolstered institutional confidence in the crypto space,” said Jan.
</blockquote>
Jan further highlighted the shift in sentiment among traditionally crypto-cautious institutions:
<blockquote>
 “Many institutions that were previously hesitant about crypto have now reached out to explore opportunities. They are actively engaging with us to onboard and propose various custodial solutions. This marks a transformative moment in the institutional adoption of cryptocurrency, with Bitcoin’s $100K milestone serving as a critical inflection point.”
</blockquote>
Access the Full Report:
Readers can gain deeper insights and explore the potential impacts on their crypto trading strategies by downloading the full report here: <a href="https://learn.bybit.com/crypto-insight/november-option-volatility-report/" rel="noopener noreferrer nofollow" target="_blank">https://learn.bybit.com/crypto-insight/november-option-volatility-report/</a>
#Bybit /#BybitResearch #BTC100K
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit <a href="https://www.bybit.com/en/press" rel="noopener noreferrer nofollow" target="_blank">Bybit Press</a>
For media inquiries, please contact:&nbsp;<a href="mailto:media@bybit.com" rel="noopener noreferrer nofollow" target="_blank">media@bybit.com</a>
For more information, please visit: <a href="https://www.bybit.com/" rel="noopener noreferrer nofollow" target="_blank">https://www.bybit.com</a>
For updates, please follow:&nbsp;<a href="https://www.bybit.com/en-us/promo/global/communities/" rel="noopener noreferrer nofollow" target="_blank">Bybit’s Communities and Social Media</a>
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Bitcoin Breaks $100K Amid Market Volatility: November Option Volatility Report by Bybit and Block Scholes

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