Bybit and Block Scholes released a crypto derivatives analytics report revealing Bitcoin’s record high, yet derivatives markets show cautious optimism. Ethereum options, however, signal bullish sentiment. The report analyzes macro events and trading signals across spot and derivatives markets, providing valuable insights for crypto trading strategies.
Binance, the world’s largest cryptocurrency exchange, has seen its market share for bitcoin trading outside the US decline over the past year. This shift is attributed to Binance’s decision to end a promotion that eliminated trading fees and the growing prominence of smaller exchanges. Notably, Bybit and OKX have significantly increased their shares of the non-US bitcoin trading market, with Bybit reaching 9.3% and OKX accounting for 7.3%. As Binance focuses on rebuilding its reputation under increased regulatory scrutiny, the digital-asset industry has witnessed a surge in trading volumes driven by the fourfold increase in the bitcoin price since the beginning of 2023.
