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 whale opens 20x leverage BTC and ETH short positions, with a position value of about $80 million
Gate News said that on April 9, according to Lookonchain monitoring, a whale address opened 20x leveraged BTC and ETH short positions about 30 minutes ago. Among them, the Bitcoin short position holds 562.58 BTC, and the Ethereum short position holds 18,350 ETH; the total value of the two positions is about $80 million.
GateNews16m ago
Bitcoin Bancorp has launched a licensed Bitcoin ATM deployment in Southern California, with the first batch of machines rolling out in Los Angeles
Bitcoin Bancorp launched a licensed Bitcoin ATM network in Southern California on April 9, with the first batch of machines already installed in Los Angeles, marking a new phase of retail expansion in the United States. The company’s accelerated expansion strategy is significant, and it is expected that the industry’s size will reach $7.68 billion by 2034.
GateNews17m ago
Exodus Movement discloses its digital asset holdings for the end of March, with BTC rising to 628 units
Gate News message: On April 9, the publicly listed self-custody crypto company Exodus Movement in the U.S. stock market released updated data on its digital asset holdings as of March 31. The company’s Bitcoin holdings increased to 628 BTC, a net gain of 18 BTC over the month; Ethereum holdings increased to 1,857 ETH, a net gain of 17 ETH over the month; and Solana holdings increased to 17,541 SOL, a net gain of 1,847 SOL over the month. (Globenewswire)
GateNews17m ago
Independent miners mined Bitcoin block 944,306 with 70 TH/s of hashrate, earning a reward of 3.128 BTC
An independent Bitcoin miner succeeded in mining the 944,306th block at an extremely low probability, earning a reward of 3.128 BTC, highlighting the difficulty and randomness of solo mining.
GateNews27m ago
Bitcoin bullish call open interest of $80k exceeds $1.6 billion, surpassing put options at $60k
The Bitcoin options market has turned, with Deribit’s $80,000 call options open interest exceeding $1.6 billion, surpassing its $60,000 put options. The Iran–U.S. ceasefire has fueled rising expectations in the market for a Federal Reserve rate cut, which could be beneficial for Bitcoin. If geopolitical tensions ease, Bitcoin is expected to challenge $100,000, but risks from the Middle East conflict still need to be monitored.
GateNews32m ago
