Gate Research Institute: The options market is experiencing low volatility, with capital positioning leaning towards bullish spread structures

According to observations from Gate Research Institute, approximately $2.1 billion worth of BTC and ETH options will be settled this Friday, while the implied volatility (IV) for BTC and ETH has dropped to 43% and 60%, respectively, indicating a cooling in market pricing for short-term volatility. From the recent week’s BTC 25-Delta skew trend, the overall skew across various maturities has been oscillating upwards, with negative values converging, reflecting a moderation in market pricing for downside risks. The ETH skew remains overall negative but is continuously converging. Meanwhile, the largest block trade in the market was: buying BTC-300126-100000-C, with a total transaction of approximately 3,225 BTC and a net premium expenditure of about $3.05 million, indicating that mainstream capital is more inclined to position a bullish structure above key support levels.

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