Bybit publishes report with Block Scholes showing bearish crypto positioning despite US shutdown resolution
A Bybit and Block Scholes report shows bearish crypto sentiment persists despite the US government shutdown ending.Summary
Bybit, in collaboration with Block Scholes, released a Crypto Derivatives Analytics Report indicating that bearish positioning remains dominant in crypto markets, even after the resolution of the longest US government shutdown. Equity markets initially rallied on the news but quickly retraced their gains by Friday, which subsequently pressured crypto, pushing Bitcoin below the $100,000 mark toward $96,000. The report highlights that attempts to recover from earlier sell-offs have been repeatedly rejected, and implied volatility suggests downside risk, with volatility smiles skewed toward puts. Furthermore, open interest in large-cap perpetuals remains significantly down from early October highs, suggesting traders are hesitant to rebuild long positions.
(Source：Crypto Briefing)