Bybit Report: The Surge in the Cryptocurrency Market and Its Connection to Political Activities and the "Trump Trade"

ChainCatcher news, Bybit and BlockScholes have joined forces to release the "Cryptocurrency Derivatives Analysis Report." The report indicates that after the sell-off in June, the cryptocurrency market has seen a significant rebound, particularly with notable signs of recovery in both options open interest and yields. As the market grows increasingly optimistic about the prospect of Trump returning to the White House, along with his supportive policies towards cryptocurrencies, this rebound phenomenon has been referred to by the market as the "Trump Trade."