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
Empery Digital Reduces Bitcoin Holdings by 20 BTC, Total Position Falls to 2,914
Empery Digital sold 20 BTC for around $1.5 million, raising its total holdings to 2,914 BTC. The company plans to continue selling bitcoin to fund share repurchases and manage debt.
GateNews13m ago
Ionic Digital's Bitcoin Mining Output Falls 14.9% in March, Holdings Rise to 2,815 BTC
Ionic Digital reported a 14.9% decline in March bitcoin mining output, producing 28.05 BTC with a hash rate decrease of 19.4%. The company holds 2,815.6 BTC and maintained zero debt, selling no bitcoin in March.
GateNews13m ago
Bitcoin ETFs pulled in nearly $1 billion in a single week, setting the biggest weekly net inflow record since January
Bitcoin spot ETF posted a net inflow of $996 million for the week, hitting a new high since January. BlackRock’s IBIT led the way. Total assets under Bitcoin spot ETFs surpassed $100 billion, and the institutional allocation trend continues.
GateInstantTrends19m ago
Strategy Acquires 34,164 BTC for $2.54 Billion, Total Holdings Reach 815,061 BTC
Gate News message, Strategy (previously MicroStrategy) has purchased 34,164 BTC for $2.54 billion at an average price of $74,395 per Bitcoin. The company now holds 815,061 BTC, acquired for a total of approximately $61.56 billion at an average price of $75,527 per Bitcoin.
GateNews53m ago
Public Bitcoin Miners Sold Over 32,000 BTC in Q1 2026, Hitting Record High
In Q1 2026, Bitcoin miners sold over 32,000 BTC, the highest on record, to reinvest in AI infrastructure amid rising mining costs.
GateNews1h ago
Major CEX Launches Event Contracts For Short-Term BTC And ETH Price Trading
A global exchange has launched Event Contracts, allowing users to bet on Bitcoin and Ethereum price movements over set timeframes. This simplified trading option features low costs and automatic settlement, aimed at easing short-term investment strategies.
GateNews1h ago
