Gate Research Institute: The oscillating low volatility pattern continues, and the demand for bullish spread options has increased

According to observations from Gate Research Institute, this Friday will see approximately $2 billion in concentrated BTC and ETH options expiration, while the implied volatility (IV) for BTC and ETH remains at 43% and 61%, respectively, still within a recent low range. Over the past week, the 25-Delta Skew for BTC and ETH has shown a low-level repair and negative bias convergence trend, with the short-term (7D) improvement being the most significant, reflecting a noticeable cooling in short-term downside protection demand. Meanwhile, large trades buying BTC-300126-100000-C have accumulated approximately 3,000 BTC, with a net premium expenditure of about $3.2 million, indicating that mainstream funds are more inclined to position themselves with bullish structural strategies above key support levels.

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