Bybit & Block Scholes Report: Crypto Derivatives Signal Caution Amidst Bitcoin & Gold Surge

New research from Bybit and Block Scholes reveals that despite Bitcoin reaching a new high of $125,000 and gold surpassing previous records, derivatives markets are not reflecting this strength. The report highlights a concerning disconnect between rising spot prices and the cautious stance of traders as reflected in declining open interest levels for options and perpetual contracts.