🔍 Crypto Market Insights: Bybit & Block Scholes report mixed signals for Ethereum (ETH) and Bitcoin (BTC) derivatives.

- ETH perpetual open interest drops due to liquidation of overleveraged long positions amid falling spot prices.

- ETH futures contracts remain stable, unlike perpetual swaps, with increased positioning for both ETH and BTC.

- November 2024 saw $20M in contracts expire, with traders yet to return in full force.

- BTC perpetual positions steady despite recent pullbacks.

- ETH options outperform BTC, driven by volatility, yet trading volumes dip as caution prevails.

💬 Share your thoughts below!