Dubai, UAE – November 27th, 2025 – Chainwire — Bybit, the world’s leading cryptocurrency exchange by trading volume, has released its latest report in collaboration with renowned market analysis firm Block Scholes. This report provides valuable insights into recent movements within crypto markets and highlights signs of a steady recovery in sentiment following a recent market downturn. Key takeaways from the report include: Perpetual Markets – During the deepest point of the sell-off, altcoin perpetual funding rates underperformed, reflecting strong demand to take short exposure as traders anticipated further price drops. However, BTC and ETH markets remained relatively stable, recording consistently positive funding rates throughout the period. As market conditions improved, several major altcoins such as SOL, TON, CRV and ADA experienced positive funding rate shifts, aligning with a slight rebound in spot prices and easing pressure on short positions. Options Markets – Short-tenor implied volatility has declined from last week’s record levels, signaling a normalization of the term structure. The reduction in premium placed on near-term downside protection reflects this trend. Put skew has eased, indicating that expectations for immediate further downside have moderated despite continued hedging preferences. Options data showcases broader stability fueled by BTC, which now trades above 91,000 USDT after experiencing price levels last seen in April 2025. Overall Market Trend – The report reveals that crypto markets are gradually recovering from weekend lows, supported by a general increase in global risk appetite. Bitcoin and Ethereum (ETH) currently trade at over 91,000 USDT and 3,000 USDT respectively, with several altcoins displaying similar signs of stabilization for the time being. Derivatives indicators support this trend, although overall participation remains subdued. Open interest and trading volume across instruments are still relatively low, suggesting that traders remain cautious despite the positive sentiment shift. Macroeconomic Factors – The report acknowledges the impact of the macroeconomic landscape on market sentiment. Recent U.S. economic data releases following the government shutdown have provided greater clarity for the Federal Reserve’s December 10th policy meeting. Remarks from Fed official John Williams suggest a potential further 25-basis-point rate cut may be possible at the upcoming FOMC meeting, with market odds rising above 80 percent. This positive development has reinforced crypto market tone along with gains in traditional risk assets like the S&P 500. The full analysis is available in the Bybit x Block Scholes Crypto Derivatives Analytics Report. About Bybit** – Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 70 million users globally. Founded in 2018, Bybit focuses on promoting openness within the decentralized world. The company strives to create a more inclusive and easily accessible ecosystem for everyone involved in the blockchain space. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. For More Information** – For detailed information about Bybit, please visit their website at bybit.com. For media inquiries, contact: [email protected]. Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency should be bought, sold or held. Do conduct your own due diligence and consult with a financial advisor before making investment decisions.**