Traders Remain Cautious as Crypto Market Sees Gradual Recovery in Sentiment: Bybit Report

Over the last few days, bitcoin and other crypto assets witnessed a steady but cautious recovery from the extreme bearishness seen last week. The broader crypto market staged a gradual recovery after many assets plummeted to levels not seen in seven months.

As expected, the recent sell-off affected the derivatives market. However, as the market is recovering, derivatives contracts are also stabilizing. The crypto exchange Bybit has published a report in collaboration with the data and analytics platform Block Scholes, revealing how well the derivatives market is improving.