DUBAI, UAE, Nov. 29, 2024 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH's rise above BTC in the past week.
Fueled by news of current U.S. SEC Chair Gary Gensler's departure at the end of the Biden administration's term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler's announcement, anticipating less scrutiny upcoming January.
Key Insights:
ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors' expectation of a more crypto-friendly SEC Chair after Gensler's last day on Jan. 20, 2025.
BTC price in retreat: BTC price's ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.
ETH options - bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.
Access the Full Report:
Read the full report in context here.
#Bybit / #TheCryptoArk /#BybitResearch
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 Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC
NEW YORK, Nov. 29, 2024 /PRNewswire/ -- Veout, a brand dedicated to enhancing users' digital experience with cutting-edge portable monitors, is unveiling an array of exciting promotional offers, particularly highlighting its acclaimed portable monitors. Known for its innovative design and exceptional performance, Veout has emerged as the preferred brand among young consumers worldwide.
Focusing on delivering high-quality portable monitors to a global audience, Veout has captured the hearts of iMac users and gaming enthusiasts alike with its unique design and vibrant options. The brand has garnered numerous endorsements from influencers across international markets, solidifying its status as a popular choice among the new generation of young consumers.
One of the standout features of Veout portable monitors is the innovative built-in stand design. This flexible stand allows users to easily adjust the angle, enhancing portability and convenience. The monitors boast a generous 16-inch screen, offering a wide field of view and an immersive experience that is perfect for both work and entertainment. Crafted from high-end aluminum, these monitors are not only durable but also exude a stylish and luxurious appearance, reflecting a sense of refined taste.
Veout portable monitor excels in both landscape and portrait orientations. In landscape mode, its wide screen is perfect for video editing and gaming, offering a broader view and detailed display. In portrait mode, the monitor displays more lines of code, making it ideal for programming. When reading and editing documents, the portrait ratio is closer to paper, reducing scrolling and improving the reading experience.
Available in a variety of colors, Veout's portable monitors cater to individual preferences, allowing users to express their personal style. The classic black option is perfect for professionals seeking a sleek and sophisticated look, while the vibrant red appeals to those who want to make a bold statement. The elegant silver is ideal for users who prefer a modern and minimalist aesthetic, and the calming blue suits individuals who enjoy a touch of tranquility in their tech accessories. Weighing only 1.58 pounds and with a thickness of just 0.3 inches, these monitors are designed for easy transport, making them ideal for those on the go.
Furthermore, gamers will appreciate the support for Freesync technology, which minimizes screen tearing and stuttering, ensuring a smooth gaming experience. Additionally, the monitors incorporate optimized eye-care technology, providing a comfortable visual experience.
Veout is committed to perfectly blending innovation with portability, enhancing users' digital experiences through cutting-edge technology. The brand's vision is to seamlessly integrate technology into everyday lifestyles, offering multifunctional solutions that liberate the way users work and play.
Veout is offering limited-time discounts, providing an opportunity to purchase these coveted portable monitors at more attractive prices. This event presents an excellent chance to experience the innovative products that Veout has to offer.
About Veout
Veout is a brand dedicated to enhancing the digital experience with cutting-edge portable monitors. Its vision is to seamlessly integrate technology into everyday life, providing the freedom to work, play, and create from anywhere. High-performance, slim, and lightweight monitors ensure stunning visuals and easy connectivity to various devices. Veout prioritizes quality, customer satisfaction, and continuous innovation to meet the evolving needs of the digital world. Embrace the opportunity to elevate the digital lifestyle with Veout.
For more information, please visit: https://veout.com/.
CONTACT: support@veout.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Veout Unveils Exciting Deals on Acclaimed Portable Monitors, the Top Choice for Young Consumers
