According to CoinMeta, Bybit option data will undergo a major upgrade on August 12, 2026, at 8:00 ( UTC ). Users will not need to leave the trading interface to have access to in-depth market intelligence at a glance. The newly designed option data page integrates institutional-level analysis features into a more concise and user-friendly interface. The key upgrades include: bvol: The proprietary volatility index of Bybit is now real-time aligned with rv30, providing iv for all expiration dates, smile, term structure, and addressing the biggest pain point of 25 delta skew; intuitive comparison with index prices to quickly identify areas of concentrated positions, and early detection of price fixation risks as expiration dates approach. Position structure analysis: Analysis of open contracts and trading volume across three dimensions: nominal value/contract, long/short position ratio, and 24-hour taker trading activity. Market activity: Tracking of gamma risk exposure ( gex ), reversal point levels, and real-time activity of large and ultra-large orders.