Bybit, in partnership with Block Scholes, released a Crypto Derivatives Analytics Report on conditions following the December 1 selloff. Downside hedging has eased, with put–call skew dropping from 10–13 percentage points to 2–4, according to the report. Over the last 24 hours, BTC traded above $93,000 and ETH returned to $3,000. Sentiment is improving, but caution persists.