Bybit and Block Scholes Show Bearish Sentiment in Crypto Markets
TLDR
- Bybit and Block Scholes report bearish crypto sentiment despite US shutdown resolution.
- Bitcoin drops below $100K as weak sentiment persists across crypto derivatives.
- Open interest in large-cap perpetuals remains down nearly 50% since October.
- Bearish positioning is seen in options markets with implied volatility skewed toward puts.
Bybit, in collaboration with Block Scholes, has released a new report shedding light on the current state of the crypto markets. Despite the resolution of the US government’s longest shutdown in history, the report indicates that bearish sentiment remains strong. The latest data points to a lack of confidence in the crypto market, as Bitcoin and other major cryptocurrencies face…
