Ethereum

Bitcoin

Block

PEPE

Bybit and analytics firm Block Scholes released a derivatives market report indicating mixed signals for Ethereum and Bitcoin.&nbsp;
The report highlights a decline in Ethereum’s (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) perpetual open interest, primarily due to the liquidation of overleveraged long positions. These positions had accumulated during a period of optimism but were reset by falling ETH spot prices, according to the report shared with crypto.news. &nbsp;
The report also notes that ETH futures contracts have not experienced the same decline in open interest as ETH perpetual swap contracts during a brief pause in upward price momentum. However, positioning has increased for both (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) and ETH.&nbsp;
Despite this uptick, the overall size of open positions has not yet recovered from the expiration of approximately $20 million in contracts at the end of November 2024. This indicates that traders who held November-expiring contracts have not returned to the market with the same volume. In contrast, BTC perpetual positions have remained stable, even after a recent pullback from a high of over $100,000.
Perpetual swaps are a type of derivatives contract that enables traders to speculate on an asset’s price without owning it. They are widely used in crypto markets, but unfavorable price movements can force leveraged traders into liquidation, reducing market activity.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/analysts-identify-catalysts-for-possible-2x-on-pepe-while-investors-double-down-on-fxguys/"> Analysts identify catalysts for possible 2x on PEPE while investors double down on FXGuys </a>
<h2 class="wp-block-heading" id="eth-beats-btc-in-options-driven-by-volatility">ETH beats BTC in options, driven by volatility</h2>
The report reveals that Ethereum continues to outperform Bitcoin in options open interest, particularly as end-of-year expirations approach. However, trading volumes have decreased, reflecting a general sense of caution in the market.
The options term structure for ETH shows higher realized volatility compared to future expectations, signaling a difference in sentiment from BTC, which displays a flatter term structure.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/el-salvador-and-bhutan-betting-on-bitcoins-future/"> El Salvador and Bhutan: Betting on Bitcoin’s future | Opinion </a>

Ethereum derivatives have mixed performance against Bitcoin: Bybit

Table of Contents

crypto.news

Other articles published on Dec 12, 2024

Bitcoin Still Early: Adam Back

Is It Too Late to Buy HAPPY? Happy Cat Price Soars 17% And This Might Be The Next Crypto To Explode

Two Companies Add Bitcoin and a Hidden Altcoin to Their Treasuries!

ASIC Fines Bit Trade’s Kraken Operator $5.2M for Illegal Credit Facilities

xHaven Launches XVN Token

Grayscale Launches Investment Products for Lido DAO and Optimism

Join our free newsletter for daily crypto updates!