Bybit x Block Scholes Report: Derivatives Show Fragility Despite BTC and Gold Strength

BitcoinWorld Bybit x Block Scholes Report: Derivatives Show Fragility Despite BTC and Gold Strength DUBAI, UAE, Oct. 13, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has released its latest Bybit x Block Scholes Crypto Derivatives Analytics Report in collaboration with Block ￰0￱ latest edition reveals that, despite Bitcoin and gold pushing to new highs, derivatives indicators point to lingering caution beneath the ￰1￱ Highlights Bitcoin reaches $125K while perpetual open interest lags below September ￰2￱ reversal sparks bearish options skew of −3.3%. Volatility edges higher but remains historically ￰3￱ perpetuals surpass $1T in monthly volume in September 2025, led by ￰4￱ swap open interest has declined since the rally, signaling profit-taking rather than fresh ￰5￱ Bitcoin’s new peak at $125,000 and Ethereum briefly touching $4,700, open interest remains below mid-September levels and continues to ￰6￱ activity mirrors this cautious tone, with volumes skewed toward puts and volatility still far from euphoric ￰7￱ recent BTC and gold surge, often framed as the “debasement trade,” has yet to translate into stronger derivatives ￰8￱ and realized volatility rose only modestly, with one-week BTC volatility holding below 40% — a sign of tempered market sentiment despite record spot ￰9￱ contrast, decentralized exchanges continue to post strong ￰10￱ marked the first time perpetual DEXs crossed $1 trillion in monthly volume, with Aster emerging as a ￰11￱ ASTER token surged from $0.10 to $2.30 within a week of its September 17 debut, outperforming peers such as ￰12￱ platform’s forthcoming Layer 1 launch and Pro Mode, which supports hidden limit orders, reflect the rising appetite for innovation and privacy in trading ￰13￱ full analysis is available in the Bybit x Block Scholes Crypto Derivatives Analytics Report . #Bybit / #TheCryptoArk /#BybitResearch / #BybitLearn About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million ￰14￱ in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for ￰15￱ a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain ￰16￱ 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 ￰17￱ the future of decentralized finance at ￰18￱ more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.

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