Gate Research Institute: ETH Implied Volatility Drops to Near One-Year Low, Increasing Cost-Effectiveness of Long Volatility Strategies According to Gate Research Institute observations, approximately $2.1 billion worth of BTC and ETH options will settle this Friday. Currently, the implied volatility (IV) for BTC and ETH are 42% and 56%, respectively. Among them, ETH IV has fallen to a very low level in the past year, at the 1.1% percentile. Over the past week, the 25-Delta Skew for BTC and ETH has generally turned negative, with the most significant decline in short-term (7D/30D), indicating that funds are heavily buying put options and short-term hedging demand has surged. In block trades, in the past 24 hours, the options market for BTC and ETH has mainly seen bearish spreads; the structure involves buying BTC put spreads at 88k and selling at 90k (30JAN26-P)), with approximately 1,115 BTC traded and a net premium income of about $730,000. For ETH, a long volatility wide straddle strategy was executed, buying 2800-P & 3200-C, with about 5,000 ETH traded and a net premium expenditure of $2.03 million. Recently, Gate launched a convenient options trading tool—Combo Strategy Orders—to help users efficiently respond to different market conditions such as narrow-range fluctuations, slow gains, or slow declines. This feature supports various common multi-leg options strategies like spreads and straddles, allowing users to create multi-leg options in one go and visually display the overall cost, profit and loss structure, and risk exposure in a combined format. Users can quickly build and manage multi-leg strategies without operating leg-by-leg, significantly reducing operational complexity and improving trading efficiency. Details link: https://www.gate.com/learn/articles/gate-research-institute-eth-implied-volatility-falls-to-nearly-one-year-low-improving-the-risk-reward-of-long-volatility-strategies/15897