The term structure of Bybit Futures ETH contracts shifted to mild backwardation intraday, possibly due to profit-taking after a strong rally. This may indicate short-term consolidation before the next trend leg. For more details about Bybit, please visit Bybit Press Ultimately, Bybit views MiCAR as a catalyst for responsible growth. The company sees regulation as a competitive advantage in an industry that is increasingly defined by transparency and trust. Bybit EU's presence in Vienna is a signal of its long-term intent to contribute to a mature, well-governed crypto ecosystem—one that is fully integrated with European values, safeguards, and ambitions. Open interest in Bybit Futures BTC contracts climbed to $7.9B today, a 4.4% increase from yesterday, suggesting fresh leveraged positions ahead of the FOMC minutes release. Such positioning often signals volatility spikes in the short term.