Bitcoin Hits New ATH as Options Skew Favors Calls by 7%

Bybit, the world’s second-largest cryptocurrency exchange, released a new weekly crypto derivatives analytics report in collaboration with Block Scholes on May 22nd. The report highlights that Bitcoin (BTC) has hit an all-time high (ATH), surpassing $111k, driving strong trading volume across markets as perpetual swaps open interest reached a new monthly high of over $11 billion. While Ethereum (ETH)’s growth momentum has moderated after two weeks of impressive performance, the report suggests risk-on sentiment continues to dominate.