Bitcoin Derivatives Sentiment Rises Amid Two-Month High Rally

Bybit and Block Scholes released a report on January 15, 2026, showing improved sentiment in crypto derivatives as Bitcoin surged to a two-month high near $98,000.

This indicates a positive market shift with increased open interest and higher altcoin funding rates, suggesting potential volatility amid geopolitical and monetary policy uncertainties.

The latest Crypto Derivatives Analytics report from Bybit and Block Scholes shows a marked improvement in derivatives sentiment. Bitcoin’s recent rise to a two-month high of $98,000 has uplifted the market landscape.

The report highlights rising perpetual futures open interest, exceeding $8 billion across major tokens. Han Tan, Chief Market Analyst at Bybit, remarks on Bitcoin’s resilience amid geopolitical shocks and emphasizes potential turbulence ahead.

The cryptocurrency market, buoyed by Bitcoin’s rally, has seen increased open interest, especially in altcoins like SOL, XRP, and DOGE. This points to improved trader confidence and market activity. CoinCodex provides comprehensive insights into these market dynamics.

Important financial shifts, such as higher funding rates for certain altcoins, signal a positive market sentiment. However, geopolitical and U.S. monetary policy risks continue to threaten stability.

Numerous factors, including a neutral volatility skew in short-dated BTC and ETH options, play crucial roles in sustaining market optimism. Futures premiums remain high, indicating investor confidence in current trends. For further analysis, visit CryptoRank.

Historical data suggests similar patterns, with past Bitcoin rallies leading to shifts in market sentiment. Analysts suggest closely monitoring geopolitical and regulatory changes for potential impacts on the market.