Latest news with #BybitLearn
Business Insider
2 days ago
- Business
- Business Insider
Bybit & Block Scholes Report: BTC Options Flipped Put-Call Skew After ATH
Dubai, United Arab Emirates, July 14th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes, outlining BTC's solid price action in the previous week with positive movements all around from ETH to altcoins. Key Insights: Price Surge Uplifted Option Interest and Funding Rates: Perpetual trading volume on Bybit hit a monthly high at $11.1B by the end of the week after a lackluster July thus far, following BTC's breakthrough to $115k on July 9. Following weeks of fluctuation, overall funding rates for assets, including BTC, turned consistently positive, with BTC suffering only 8 hours of negative funding rates a day before its ATH over Trump's tariff remarks. BTC Options Reversed Course: BTC's options market sentiment underwent a dramatic reversal at the price surge on July 9th, with put-call skew flipping from a 2% premium favoring downside protection to a 5% premium on upside calls, indicating traders are increasingly positioning for further BTC price appreciation despite the asset's already substantial gains. Source: Bybit and Block Scholes Altcoins Outperformed BTC: Notably, altcoins demonstrated competitive gains against BTC, with ETH and XRP each surging over 6% compared to BTC's relatively modest gains to its new ATH of $112K—just $29 above the May peak. While BTC options maintained rangebound implied volatility between 26-35%, the altcoin rally highlighted shifting market dynamics, though SOL lagged with only a 2% weekly gain despite strong ecosystem fundamentals, including record-breaking Q2 revenue of $271M that outpaced all other Layer 1 and Layer 2 networks. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk / #BybitLearn About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Tony Au Bybit
Business Insider
09-07-2025
- Business
- Business Insider
Bybit TradFi x Crypto Report: Strategy (MSTR) Trading at 68% Premium as Unique Leveraged BTC Proxy
Dubai, United Arab Emirates, July 9th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released a new Bybit TradFi x Crypto Report on Strategy (NASDAQ: MSTR), the BTC-focused holding company formerly known as MicroStrategy. The analysis revealed a convoluted valuation picture that challenges traditional pricing logic while highlighting the company's unprecedented position in the BTC ecosystem. The report suggests investors 'disregard the company's legacy software operations' and examine its true value as a high-beta proxy for its underlying asset, BTC. Holding over half a million BTC at about 2.8% of BTC's total supply, Strategy is currently trading at a 68% premium to the net value of its BTC treasury at $107 billion market cap. Key Findings: Quantitative Data Suggests Undervaluation: A statistical analysis of the historical relationship between BTC and MSTR performance indicates, on paper, a potential fair value of $468 per share, suggesting the stock may be undervalued by approximately 17.9% at current trading levels of $384. Conservative Leverage Management: Despite its aggressive BTC accumulation, Strategy maintains a prudent loan-to-value ratio of just 11.46%, providing a substantial cushion against market volatility and default risk. However, the company has yet to face a real stress test in the case of a major unexpected BTC correction. Strategy as a Non-Replicable Strategy: The analysis cautioned that Strategy's valuation premium is likely unique and inimitable, stemming from its first-mover advantage and singular focus on BTC accumulation versus other corporate holders who maintain crypto as non-core treasury assets. The report notes that Strategy's transformation has created an entirely new asset class in equity markets, providing value in institutional BTC exposure instead of sales revenue. The analysis also suggests that while the company presents significant upside potential in favorable BTC markets, its leveraged structure equally amplifies downside risk. The complete analysis is available on Bybit Learn. Disclaimer: Past performance does not guarantee future results. Nothing contained herein constitutes investment advice. Investors should conduct their own research and consider their risk tolerance before making investment decisions. #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at For media inquiries, please contact: media@ Contact Head of PR Bybit
