🚀 Exciting news from the crypto world! Bybit, in collaboration with Block Scholes, has released a new derivatives analytics report. Here are the highlights:

- ETH perpetual open interest has dipped due to the liquidation of overleveraged long positions, yet ETH options still lead over BTC in open interest.

- Bitcoin's recent surge past $100,000 saw stable BTC perpetual activity, while ETH's retreat from $4,000 led to moderated investor expectations.

- Funding rates have stabilized, indicating a cautious but optimistic market sentiment.

What are your thoughts on ETH's dominance in options? Share your insights in the comments! 💬