BlockBeats news, on September 1, a report jointly released by Block Scholes and Bybit stated that in the recent sharp sell-off of BTC below $59,000, the open positions in the futures contract market remained stable, indicating that traders reduced leveraged positions, thereby limiting the risk of forced liquidation.
The report pointed out that this pattern remained consistent throughout the year, reflecting the cautious attitude taken by market participants during periods of increased volatility.
In addition, the report highlighted the positive changes in TON funding rates after major market events, further indicating a renewed interest in leveraged positions. The report also revealed the market's view on the upcoming US presidential election. According to the analysis, the volatility term structure shows that there is a strong bullish sentiment on cash call options that expire after the election. This suggests that traders expect a favorable environment for crypto assets after the election.
In addition, the report observed that the demand for downside protection in short-term expiration continued, reflecting the cautious optimism in the market. The findings from Block Scholes and Bybit suggest that a mature crypto derivatives market is able to quickly adapt to changing dynamics. The market has remained stable even during major events, indicating that traders' confidence is growing.
