Latest news with #BlockScholes
Business Insider
5 days ago
- Business
- Business Insider
BTC Volatility Hit Historic Lows as ETF Inflows Transformed Market Dynamics: Bybit & Block Scholes Monthly Report
Dubai, United Arab Emirates, July 15th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, released the latest monthly volatility report in collaboration with Block Scholes. The comprehensive analysis of June 2025 revealed that BTC had entered historically low volatility territories driven by significant spot ETF inflows. BTC's implied volatility is dropping to just 28%, with realized volatility hitting levels not seen in nearly 20 months. Institutional investment, the report noted, is fundamentally reshaping BTC's price behavior and creating a more stable trading environment, departing from its historical pattern through spot ETFs. The report covers trading data in June and is released as BTC momentarily touched a new all-time-high of $120K overnight. Key Insights: BTC Market Matures as Volatility Drops: BTC's implied volatility has reached a remarkable milestone, reaching the lowest level since October 2023 and well below the significant 30% threshold. This dramatic decline continues a downward trend that began in 2020, reflecting growing asset maturity as BTC gains mainstream acceptance. The report shows that both implied and realized volatility have dropped simultaneously, with realized volatility hitting 22-25% at 20-month lows, creating exceptional calm that persists even amid broader macroeconomic turbulence. The 'ETF Effect' Stabilized BTC Prices: The analysis reveals a clear correlation between the January 2024 launch of US spot BTC ETFs and the subsequent volatility decline, with ETF flows appearing to stabilize BTC's price movements and create more frequent small, positive daily returns as institutional buyers help soften sell-offs and anchor demand. The data shows that 2025 has demonstrated a notable shift toward smaller, more positive daily price movements, indicating that institutional ETF buyers are providing consistent support during market downturns and creating a more stable price floor. This stabilization mechanism has resulted in fewer and milder volatility spikes compared to BTC's pre-ETF era, fundamentally altering the cryptocurrency's risk profile. ETH Volatility Remains High Despite ETF Launch: While BTC experiences historic stability, ETH has not followed the same pattern despite its own spot ETF launch in July 2024, with the ETH/BTC realized volatility ratio steadily climbing since July 2024 and ranging from 1.68 to 2.34 in June, indicating ETH continues to trade with significantly higher volatility than BTC. The divergence extends beyond ETH, with Solana showing even more pronounced volatility spikes – the SOL/BTC ratio hit 2.96 in June 2025, matching January's high and representing levels not seen since January 2024. The report attributes this divergence to the relative strength of institutional demand, with BTC spot ETFs consistently representing a far larger share of total trading volume than ETH ETFs – before the 2024 US election, BTC ETF inflows were 36 times greater than ETH relative to their respective trade volumes. #Bybit / #TheCryptoArk / #BybitReport About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Bybit
Business Insider
6 days ago
- Business
- Business Insider
Bybit & Block Scholes Report: BTC Options Flipped Put-Call Skew After ATH
Dubai, United Arab Emirates, July 14th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes, outlining BTC's solid price action in the previous week with positive movements all around from ETH to altcoins. Key Insights: Price Surge Uplifted Option Interest and Funding Rates: Perpetual trading volume on Bybit hit a monthly high at $11.1B by the end of the week after a lackluster July thus far, following BTC's breakthrough to $115k on July 9. Following weeks of fluctuation, overall funding rates for assets, including BTC, turned consistently positive, with BTC suffering only 8 hours of negative funding rates a day before its ATH over Trump's tariff remarks. BTC Options Reversed Course: BTC's options market sentiment underwent a dramatic reversal at the price surge on July 9th, with put-call skew flipping from a 2% premium favoring downside protection to a 5% premium on upside calls, indicating traders are increasingly positioning for further BTC price appreciation despite the asset's already substantial gains. Source: Bybit and Block Scholes Altcoins Outperformed BTC: Notably, altcoins demonstrated competitive gains against BTC, with ETH and XRP each surging over 6% compared to BTC's relatively modest gains to its new ATH of $112K—just $29 above the May peak. While BTC options maintained rangebound implied volatility between 26-35%, the altcoin rally highlighted shifting market dynamics, though SOL lagged with only a 2% weekly gain despite strong ecosystem fundamentals, including record-breaking Q2 revenue of $271M that outpaced all other Layer 1 and Layer 2 networks. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk / #BybitLearn About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Tony Au Bybit
Business Insider
04-07-2025
- Business
- Business Insider
Bybit & Block Scholes Report: Crypto Reacted to US-Vietnam Trade Deal; BTC Brushed $110k
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes, capturing key movements in the crypto markets last week, including the breakout moment on July 2, driven by a tariff truce between the U.S. and Vietnam. BTC climbed above the $110,000 threshold while ETH pushed past $2,500, leading to heightened short-term volatility expectations as BTC's weekly implied volatility briefly surged. The derivatives landscape revealed interesting anomalies, including unexpectedly negative SOL perpetual funding rates despite recent ETF launch approvals and a persistent pattern where ETH options maintained roughly double the implied volatility levels of BTC equivalents throughout both the upward move and any retracements. Key Insights: BTC options volatility dipped to a 2-year low: BTC options markets experienced an unusual quiet period last week, with 7-day implied volatility dropping to just 26% on June 27 - the lowest level since mid-2023 at the $30,000 mark. This breakdown below the typical support levels was quickly reversed by the rally on July 2, which pushed volatility back up to 35% amid broader market optimism following the US-Vietnam trade agreement. ETH volatility indicated further upside: ETH significantly outperformed BTC during the July 1-2 period, climbing from $2,400 to over $2,500 before surging another 6% on trade deal news. This price action drove ETH's 7-day at-the-money implied volatility up by a 10-point daily increase. Throughout this period, ETH options consistently maintained roughly double the implied volatility of comparable BTC. ETH options skew shifted bullishly: The volatility term structure for the power duo of ETH and BTC remained relatively balanced through most of the week due to limited price movement. ETH displayed a more dramatic shift than BTC, with 7-day options now pricing in a 1.3% premium for out-of-the-money calls, completely reversing from the previous day's -1.9% put skew. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk / #BybitLearn About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Bybit
Cision Canada
27-06-2025
- Business
- Cision Canada
Bybit & Block Scholes Report: GENIUS Act Aims to "Reinvent the Dollar" and Solidify US Leadership in Digital Assets
DUBAI, UAE, June 27, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today released a new crypto insights report with Block Scholes, revealing how landmark U.S. legislative proposals like the GENIUS Act are set to reinforce the U.S. dollar's global dominance and rewire the international financial order. The report analyzes a new wave of regulatory momentum under the Trump administration, highlighting how new laws could institutionalize digital assets and cement the leadership role of the U.S. in the crypto industry. The report outlines key regulatory developments under the Trump administration that have boosted investors' confidence in crypto. The industry stands at the intersection of the dollar's legacy hegemony, favorable policy shifts in the U.S., and the global trend of increasing regulatory clarity. Institutional and official acceptance of crypto—from stablecoins to BTC, is being coded into laws. Key Insights: Reinventing the USD - the GENIUS Act: To rejuvenate the greenback's dominance in the international financial system, U.S. lawmakers have long been pushing for digital asset legislation that can balance consumer protection and innovation. This underscores the GENIUS Act's significance as the U.S. asserts its might in a volatile world: the future of money will still be denominated in the U.S. dollar. A million BTC in reserves: U.S. legislators are seeking creative ways to defuse America's time-ticking debt bomb. Some of them are turning to BTC. The newly proposed BITCOIN Act, if passed, will open up demands for 200,000 BTC annually to form part of the U.S. Treasury's strategic BTC reserves. This will not only cause BTC prices to shoot up, but also signal deeper implications for public recognition and adoption of digital assets. The global race to regulate crypto: From South Korea and Pakistan, to the U.K. and Europe at large, no regulator wants to be left behind in the crypto revolution. The report uncovers insights from across the globe and what these changes could mean for the digital asset class. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk / #BybitLearn About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Cision Canada
17-06-2025
- Business
- Cision Canada
Bybit & Block Scholes: ETH-BTC volatility hits five-year high as ETH plays catch-up
DUBAI, UAE, June 17, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, released a new options volatility report in collaboration with Block Scholes. The report shows a historic volatility divergence between Ethereum (ETH) and Bitcoin (BTC) during May 2025. Key Highlights: In May 2025, ETH options exhibited historically high volatility premiums over BTC, driven by ETH's elevated realized volatility during a major price rally. The ETH-to-BTC implied volatility ratio for short-dated options surged past 2x — reaching a nearly five-year high. BTC's realized volatility fell below a long-standing 35% floor, breaking a 19-month trend. ETH's volatility term structure showed persistent inversion, with shorter-dated options pricing higher volatility than longer-dated ones. The implied volatility divergence coincided with ETH's outperformance, which included a 23% intraday rally amid key market events. ETH-to-BTC Implied Volatility Expands to Five-Year High In May 2025, a notable dislocation in implied volatility emerged between ETH and BTC options. Implied volatility reflects market expectations for future price movement over an option's lifespan. At the start of the month, the ETH-to-BTC implied volatility ratio for 7-day options hovered around 1.5 — indicating that ETH options were priced with 50% higher expected volatility than BTC options. By May 16, the ratio climbed above 2x, reaching a peak not seen since 2020, as BTC's implied volatility declined to its lowest levels since October 2023. This drop in BTC volatility broke below the 35% floor that had held for over 19 months, while ETH's short-tenor implied volatility remained elevated, though slightly below its May 10 high. The volatility spread was particularly pronounced in the 30-day tenor, reaching its widest point since mid-2022. Realized Volatility Trends Underscore the Divergence The sharp divergence in implied volatility was reinforced by trends in realized volatility — a measure of actual historical price movement. In May, ETH's realized volatility significantly outpaced BTC's across various tenors, fueling expectations for continued dispersion between the two assets. On May 15, the 7-day realized volatility ratio between ETH and BTC peaked, closely followed by the implied volatility ratio — suggesting market participants expected ETH's higher volatility to persist. This trend is not new: the ETH-BTC volatility ratio has been climbing steadily since July 2024, amid both bull runs and periods of market stress. ETH's standout performance in May was catalyzed by several factors, including positive US-UK trade news. ETH surged more than 23% on May 8 alone and continued to outperform BTC, which gained approximately 10% during the same period. Despite this momentum, ETH remained over 50% below its January 2025 peak and its all-time high. #Bybit / #TheCryptoArk / #BybitReport About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
