Crypto Derivatives Analytics Report: Week 38

BlockScholes reports that BTC and ETH options volatility remains largely flat ahead of the upcoming FOMC meeting, where markets anticipate a 93% probability of a rate hike. Meanwhile, the probability of the CLARITY Act passing by the end of 2026 has declined to 19% on Polymarket. While BTC options skew remains near neutral, ETH options continue to show a slight premium for out-of-the-money call options. Risk appetite indexes are currently nearing levels that have historically proven difficult to sustain.