Dubai, UAE, April 28, 2025 / Prnewswire / – BybitThe second largest largest cryptocurrency exchange by trading volume, has released its latest weekly Report of Crypto Derivatives Analytics In collaboration with block scholes. The report features a transfer to the market sentiment following upbeat comments from US President Trump in trade negotiations in China, which in conjunction with a wide rally in both crypto and equity markets.
Earlier last week, Bitcoin showed signs of decay from US equality. Following the announcement of a 145% tariff on Chinese goods and comments from Trump, the BTC climbed more than 7% from April 21, 2025, in conjunction with greater risk ownership. The short-tenor indicates volatility of volatility, and the put-call skew has climbed by 5%, indicating that traders are positioning for further gains at that time.
Basic Highlights:
Continued open interest rises to tokens
Perpetual Futures open interest went up by 20% last week, especially for ETH. Trade volumes also increased, including April 7, 2025 recording the highest -day -to -day volume for the month. The Spike followed Trump's comment: “Forget the markets for a second, we have all the benefits.”
The BTC Open interest option shows a mix of picture; Put-Call skew in short tenor sends positive signals
President Trump's recent willingness to organize a trade deal with China's President Xi has sparked a rally rally in possession classes, including crypto. Bitcoin rose 7% since April 21, 2025 before Trump's comments. Despite this rally, the open interest in the puts has outpaced calls, with options in the volume of the remaining relatively balanced.
It is unclear whether the demand for the place reflects a fence against the downside risks, or a stake against the upward movement. Meanwhile, the eternal funding rates provide a limited perspective on emotion. However, the recovery of put-call skews in short tenors suggests that merchants are looking for reversible exposure to rally-and willing to pay for it.
ETH Outperforms BTC by 1% in the past week, signals have been reversing expectations
ETH led the rally last week in place markets – a rare event in previous relief rallies. Data choices show ETH calls that are almost double -putting in open interest, with calls that are also dominant in volume. This indicates that entrepreneurs expect ETH to close recent performance gap at BTC and competing chains such as Sui and Sol. The term structure of ETH also returns, reflecting the expectations of near-term price action.
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