Crypto Derivatives Market Report: Resilience Amid Macro Uncertainty

Despite a challenging macroeconomic environment characterized by rising oil prices, geopolitical tensions, and a selloff in U.S. Treasuries, Bitcoin and Ethereum have shown resilience. Bitcoin has consolidated between $82,000 and $84,000, supported by consistent inflows into spot ETFs. However, options markets reflect trader caution, with implied volatility for both BTC and ETH rising following President Trump's rejection of Iran's peace proposal. While BTC skew indicates a balance between downside protection and upside potential, ETH skew shows a stronger current demand for call options.