Bybit and Block Scholes Report Finds Fed Outlook Fails to Lift Crypto Derivatives Sentiment - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Bybit and Block Scholes Report Finds Fed Outlook Fails to Lift Crypto Derivatives Sentiment ##### Up next ###### [Global Times: With steadfast progress, China becomes greatest certainty for an uncertain world: People's Daily article](https://thailandbusinessnews.net/press-release/global-times-with-steadfast-progress-china-becomes-greatest-certainty-for-an-uncertain-world-peoples-daily-article/) Published on 15 December 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/2267288/Logo.jpg?p=medium600 "logo") DUBAI, UAE, Dec. 15, 2025 /PRNewswire/ — [Bybit](https://www.bybit.com/en/press), the world’s second-largest cryptocurrency exchange by trading volume has released its latest [Crypto Derivatives Analytics Report](https://learn.bybit.com/en/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-dec11-fomc-bearish-crypto) in collaboration with Block Scholes. The analysis reviews market conditions surrounding the year’s final Federal Open Market Committee meeting, where policymakers delivered a widely expected 25 basis point rate cut. Chair Jerome Powell’s remarks kept the possibility of either a pause or another cut in January 2026 in play, contributing to a restrained response across crypto markets. Key Highlights: Perpetuals: Open interest is still far lower than the levels it plummeted from pre-October 10, and funding rates in leveraged contracts suggest retail traders are still unwilling to re-enter positions in perpetual swap contracts.Options: Volatility smiles are bearish across the whole term structure for both BTC and ETH with volatility smiles pricing in close to a 5 percent premium for OTM puts over calls for both short-dated and long-dated BTC and ETH options. As such, those waiting for a so-called Santa rally may end up disappointed, at least based on current positioning in derivatives markets. [![Block Scholes’ Risk Appetite Index measures the level of euphoria (above 1) or panic (below -1) in the spot market. Momentum in this index shows a strong relationship to spot returns.](https://mma.prnasia.com/media2/2845494/Block_Scholes__Risk_Appetite_Index_measures_level_euphoria__above_1.jpg?p=medium600 "Block Scholes’ Risk Appetite Index measures the level of euphoria (above 1) or panic (below -1) in the spot market. Momentum in this index shows a strong relationship to spot returns.")](https://mma.prnasia.com/media2/2845494/Block_Scholes__Risk_Appetite_Index_measures_level_euphoria__above_1.html)Block Scholes’ Risk Appetite Index measures the level of euphoria (above 1) or panic (below -1) in the spot market. Momentum in this index shows a strong relationship to spot returns. The report highlights minimal shifts in perpetual swap activity, subdued implied volatility and continued skepticism in options positioning. While the Fed conveyed an improved economic outlook, sentiment in crypto derivatives remains cautious. BTC’s spot price is still 28 percent below its all-time high, and options markets continue to price meaningful downside protection. According to the findings, traders have yet to see catalysts strong enough to support a late year resurgence. Han Tan, Chief Market Analyst at Bybit Learn, said the broader macro backdrop continues to influence crypto market reactions. "The Fed’s policy outlook will frame market reactions to this week’s US jobs report and inflation data releases. Crypto bulls still have their work cut out to get any upside momentum going, considering that digital assets could only muster a tepid response to the final FOMC meeting of 2025, in stark contrast to global equities that surged to new record highs. Merely middling activity across the derivatives complex suggests that the window for a crypto ‘santa rally’ is getting narrower and the bar notably set higher." The report concludes that traders are showing limited appetite to re-engage with leverage while options markets continue to indicate caution across short and long horizons. Current positioning suggests a tempered outlook for any year end rebound. For detailed insights, readers may download [the full ](https://learn.bybit.com/en/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-dec11-fomc-bearish-crypto)[report](https://learn.bybit.com/en/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-dec11-fomc-bearish-crypto). \#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 [Bybit.com](http://bybit.com/). For more details about Bybit, please visit [Bybit Press](https://www.bybit.com/en/press)For media inquiries, please contact: For updates, please follow: [Bybit’s Communities and Social Media](https://www.bybit.com/en-us/promo/global/communities/) [Discord](https://discord.gg/bybit) | [Facebook](https://www.facebook.com/Bybit/) | [Instagram](https://www.instagram.com/bybit_official/?hl=en) | [LinkedIn](https://www.linkedin.com/company/bybitexchange/) | [Reddit](https://www.reddit.com/r/Bybit/) | [Telegram](https://t.me/s/Bybit_Announcements) | [TikTok](https://www.tiktok.com/@bybit_official?lang=en) | [X](https://twitter.com/Bybit_Official) | [Youtube](https://www.youtube.com/c/bybit) [Source link ](https://www.prnasia.com/story/archive/4847376_AE47376_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/periodcutes-new-store-grand-opening-providing-you-with-efficient-high-quality-and-beneficial-beauty/) ![PeriodCute's New Store Grand Opening, Providing You With Efficient, High Quality and Beneficial Beauty](https://i0.wp.com/thailandbusinessnews.net/wp-content/uploads/2023/10/SSampC-Completes-Acquisition-of-Iress039-Managed-Funds-Administration-Business.jpg?resize=260%2C140&ssl=1 "PeriodCute's New Store Grand Opening, Providing You With Efficient, High Quality and Beneficial Beauty") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## PeriodCute's New Store Grand Opening, Providing You With Efficient, High Quality and Beneficial Beauty HOUSTON, April 24, 2024 /PRNewswire/ — On April 25, 2024, PeriodCute, the… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - April 24, 2024 [](https://thailandbusinessnews.net/press-release/vietnam-ghub-grand-opening%ef%bd%9cjusda-strengthens-its-global-manufacturing-supply-chain-network-through-a-new-digital-intelligent-hub/) ## Vietnam GHub Grand Opening｜JUSDA Strengthens Its Global Manufacturing Supply Chain Network Through a New Digital-Intelligent Hub BAC NINH, Vietnam, Nov. 20, 2025 /PRNewswire/ — On November 17, 2025, JUSDA… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - November 20, 2025 [](https://thailandbusinessnews.net/press-release/tier-iv-unveils-edge-auto-a-comprehensive-reference-platform-for-autonomous-driving-technology/) ![TIER IV unveils Edge.Auto, a comprehensive reference platform for autonomous driving technology](https://i0.wp.com/thailandbusinessnews.net/wp-content/uploads/2023/10/SSampC-Completes-Acquisition-of-Iress039-Managed-Funds-Administration-Business.jpg?resize=260%2C140&ssl=1 "TIER IV unveils Edge.Auto, a comprehensive reference platform for autonomous driving technology") - [Business](https://thailandbusinessnews.net/category/business/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) - [Tech](https://thailandbusinessnews.net/category/tech/) ## TIER IV unveils Edge.Auto, a comprehensive reference platform for autonomous driving technology TOKYO, Jan. 11, 2024 /PRNewswire/ — TIER IV, a pioneer in open-source… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - January 11, 2024 ##### Most Read - [![CStone Submits Clinical Trial Application in Australia for CS5001 (ROR1 ADC) in Combination with First-Line Standard-of-Care for DLBCL](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/cstone-submits-clinical-trial-application-in-australia-for-cs5001-ror1-adc-in-combination-with-first-line-standard-of-care-for-dlbcl/ "CStone Submits Clinical Trial Application in Australia for CS5001 (ROR1 ADC) in Combination with First-Line Standard-of-Care for DLBCL") [CStone Submits Clinical Trial Application in Australia for CS5001 (ROR1 ADC) in Combination with First-Line Standard-of-Care for DLBCL](https://thailandbusinessnews.net/press-release/cstone-submits-clinical-trial-application-in-australia-for-cs5001-ror1-adc-in-combination-with-first-line-standard-of-care-for-dlbcl/ "CStone Submits Clinical Trial Application in Australia for CS5001 (ROR1 ADC) in Combination with First-Line Standard-of-Care for DLBCL") - [![YFORE Debuts Flagship Innovations in North America: More to Come](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/yfore-debuts-flagship-innovations-in-north-america-more-to-come/ "YFORE Debuts Flagship Innovations in North America: More to Come") [YFORE Debuts Flagship Innovations in North America: More to Come](https://thailandbusinessnews.net/press-release/yfore-debuts-flagship-innovations-in-north-america-more-to-come/ "YFORE Debuts Flagship Innovations in North America: More to Come") - [![Korea's Commercial Real Estate "Data Giant" Attracts NPS, GIC and Blackstone](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/koreas-commercial-real-estate-data-giant-attracts-nps-gic-and-blackstone/ "Korea's Commercial Real Estate "Data Giant" Attracts NPS, GIC and Blackstone") [Korea's Commercial Real Estate "Data Giant" Attracts NPS, GIC and Blackstone](https://thailandbusinessnews.net/press-release/koreas-commercial-real-estate-data-giant-attracts-nps-gic-and-blackstone/ "Korea's Commercial Real Estate "Data Giant" Attracts NPS, GIC and Blackstone") - [![Best music show of the year - Come to 17sing to vote for the best band](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/best-music-show-of-the-year-come-to-17sing-to-vote-for-the-best-band/ "Best music show of the year - Come to 17sing to vote for the best band") [Best music show of the year - Come to 17sing to vote for the best band](https://thailandbusinessnews.net/press-release/best-music-show-of-the-year-come-to-17sing-to-vote-for-the-best-band/ "Best music show of the year - Come to 17sing to vote for the best band") - [![Gansu Minxian County: "Electric Guardians" Devotedly Safeguard the Roots of the "Millennium Herbal Homeland"](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/gansu-minxian-county-electric-guardians-devotedly-safeguard-the-roots-of-the-millennium-herbal-homeland/ "Gansu Minxian County: "Electric Guardians" Devotedly Safeguard the Roots of the "Millennium Herbal Homeland"") [Gansu Minxian County: "Electric Guardians" Devotedly Safeguard the Roots of the "Millennium Herbal Homeland"](https://thailandbusinessnews.net/press-release/gansu-minxian-county-electric-guardians-devotedly-safeguard-the-roots-of-the-millennium-herbal-homeland/ "Gansu Minxian County: "Electric Guardians" Devotedly Safeguard the Roots of the "Millennium Herbal Homeland"") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/xtep-unveils-world-class-dual-flagship-running-shoes-ushering-chinas-running-footwear-into-a-new-era-of-full-scenario-running/) ![XTEP Unveils World-Class Dual Flagship Running Shoes, Ushering China's Running Footwear into a New Era of Full-Scenario Running](https://i0.wp.com/mmx.prnasia.com/media/MS1973997/20260822110728EDT_image_1.jpg?resize=260%2C140&ssl=1 "XTEP Unveils World-Class Dual Flagship Running Shoes, Ushering China's Running Footwear into a New Era of Full-Scenario Running") ## XTEP Unveils World-Class Dual Flagship Running Shoes, Ushering China's Running Footwear into a New Era of Full-Scenario Running SHANGHAI, Aug. 22, 2026 /PRNewswire/ — Under the theme of "RUN TO… [](https://thailandbusinessnews.net/press-release/kurly-expands-its-chef-driven-food-collection-with-udon-kadens-u-s-retail-launch/) ![Kurly Expands Its Chef-Driven Food Collection with Udon Kaden's U.S. Retail Launch](https://i0.wp.com/mmx.prnasia.com/media/MS1973976/20260822025006EDT_image_1.jpg?resize=260%2C140&ssl=1 "Kurly Expands Its Chef-Driven Food Collection with Udon Kaden's U.S. Retail Launch") ## Kurly Expands Its Chef-Driven Food Collection with Udon Kaden's U.S. Retail Launch Udon Kaden’s two signature dishes — Signature Udon and Chilled Udon —… [](https://thailandbusinessnews.net/press-release/ontime-posts-140-7-revenue-surge-to-rmb-4-035-billion-gross-profit-tops-rmb-500-million-in-h1-2026/) ## OnTime Posts 140.7% Revenue Surge to RMB 4.035 Billion, Gross Profit Tops RMB 500 Million in H1 2026 HONG KONG, GUANGZHOU and SHENZHEN, China, Aug. 22, 2026 /PRNewswire/ — Chinese… [](https://thailandbusinessnews.net/press-release/sweetnight-unveils-coolnest-ultra-cooling-memory-foam-mattress-for-hot-sleepers-and-expands-its-cooling-sleep-portfolio/) ![SweetNight Unveils CoolNest® Ultra Cooling Memory Foam Mattress for Hot Sleepers and Expands Its Cooling Sleep Portfolio](https://i0.wp.com/mmx.prnasia.com/media/MS1973967/20260821215940EDT_image_1.jpg?resize=260%2C140&ssl=1 "SweetNight Unveils CoolNest® Ultra Cooling Memory Foam Mattress for Hot Sleepers and Expands Its Cooling Sleep Portfolio") ## SweetNight Unveils CoolNest® Ultra Cooling Memory Foam Mattress for Hot Sleepers and Expands Its Cooling Sleep Portfolio WILMINGTON, Del., Aug. 22, 2026 /PRNewswire/ — SweetNight, a sleep brand focused…