Options Market Trends
Latest data shows that BTC implied volatility (IV) remains high at 55%, and ETH IV stays elevated at 74%. BTC IV is near the 91st percentile over the past year, indicating that the options market’s short-term price volatility expectations are still at a one-year high.
In the past week, BTC 25-Delta Skew widened initially and then converged, with the 7-day skew dropping to about -15 vol, reflecting a temporary increase in short-term put demand. It then quickly recovered to around -5 vol. The 30-day to 90-day skew generally remains between -4 and -6 vol, indicating a mild negative bias overall. This suggests the market maintains downside hedging needs but has not developed into sustained pessimistic pricing.
From the GEX distribution, the main peak is centered around March 27 with significant positive Gamma, indicating market makers are in a positive Gamma environment, making prices easier to hedge and tending toward sideways movement. Near March 13, in the negative Gamma zone, volatility could be amplified and evolve into a trending market.
Block Trade Structure
In the past 24 hours, the largest block trades in BTC and ETH options markets are as follows:
-
BTC: Bought BTC-27MAR26-125000-C, approximately 1,500 BTC traded, with a net premium expenditure of about $100,000.
-
ETH: Bought ETH-13MAR26-1950-P, approximately 10,000 ETH traded, with a net premium expenditure of about $800,000.
Options portfolio strategies can be executed using the combination order tool available on the Gate platform.
Platform Updates
Gate has fully upgraded its options VIP fee structure, covering all options products, providing substantial fee reductions from beginner to professional users. VIP0 users can enjoy lower rates without asset or trading volume requirements, giving newcomers a cost advantage from the start. During the growth phase, assets of “tens of thousands” and “hundreds of thousands in trading volume” can upgrade to lower fees, far below mainstream platforms’ billion-level trading or high asset thresholds. Professional and institutional users at VIP10+ can enjoy Maker 0% and Taker 0.015% fees, truly optimizing costs at all stages.
Options trading entry: https://www.gate.com/zh/options/BTC_USDT
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain CEX was exposed for lobbying against the small-scale Bitcoin tax exemption policy, advocating that it should only apply to stablecoins.
A certain cryptocurrency trading platform is accused of lobbying U.S. legislators to oppose the Bitcoin small-transaction tax exemption, suggesting it should be limited to stablecoins. This move has raised concerns within the crypto community, which believes that the policy could be influenced by special interests and hinder innovation. The Bitcoin advocacy organization warns that this approach would be a strategic mistake.
GateNews28m ago
From Blackouts to Bitcoin: South African Power Utility's Surreal Pivot to High-Intensity Power Sales
Eskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced plans to sell excess electricity generated during the day due to increased solar power usage.
The Solar
Coinpedia38m ago
Silver-Togued Analyst Prepares for the Next Leg Down for BTC Between $44,000 – $57,000
Silver-tongued analyst prepares for the next leg down for BTC.
He expects BTC to drop twice into two specific bearish boxes.
The first will take the price of BTC to $57,000, and the next below $50,000.
The crypto community clings to bullish hope as the price of Bitcoin (BTC), the
CryptoNewsLand39m ago
MICA Daily｜Exchange liquidity dries up, BTC trend continues to weaken
The latest US CPI data released aligns with market expectations, but due to the impact of the Middle East situation, market reactions are muted. The US stock indices fluctuate, and BTC prices hover around $70,000. Although it appears stable in the short term, market sentiment remains pessimistic, and whether the price can stay above $70,000 in the future remains uncertain, mainly depending on the development of the Middle East situation. Meanwhile, Binance's net flow data shows that investors withdraw BTC during market downturns, but selling pressure still exists.
区块客39m ago
Nic Carter: The controversy over BIP-360 authorship is not important; focus should be on the quality of the proposal and quantum resistance goals
Castle Island Ventures Partner Nic Carter stated that the Bitcoin community should focus on the technical quality of the BIP-360 proposal rather than the author's identity. By eliminating the quantum vulnerability in Taproot addresses, it paves the way for Bitcoin's quantum resistance. As ECC risks become increasingly apparent, enhancing quantum resistance has become an important topic.
GateNews59m ago
