#BTC.D UPDATE :#BTC.D gave shallows break on both sides, and again back inside the range now. Index also supporting the trendline and expecting still maintaining the bullishness. #Altcoins will suffer from that, so be alert with running positions. #crypto

Gate Research: BTC Implied Volatility Rises to the 81st Percentile Over the Past Year, with Put Spread Strategies Dominating the Options Market According to observations from Gate Research, current implied volatility (IV) for BTC and ETH stands at approximately 50% and 70%, respectively. BTC IV has reached around the 81.7th percentile of its range over the past year, indicating a clear increase in options market expectations for near-term price volatility. Over the past week, the 25-delta skew for both BTC and ETH has remained in negative territory, with the short end of the curve steepening noticeably. This suggests rising short-term hedging demand and greater sensitivity to downside risk. Meanwhile, the mid- to long-term structure remains relatively stable, implying cautious sentiment rather than a strongly bearish outlook, with the market leaning toward short-term defense while awaiting clearer directional signals. Over the past 24 hours, large block options trades in BTC and ETH have been dominated by put spreads. The largest BTC structure was a 27MAR26 buy 75k put / sell 80k put, totaling approximately 1,500 BTC, with USD 370,000 in net premium received. For ETH, the largest trade was a 27FEB26 buy 1,800 put / sell 1,500 put, totaling approximately 15,000 ETH, with USD 320,000 in net premium paid. Recently, Gate launched a convenient options trading tool — Combos Strategy Order — designed to help users efficiently navigate market conditions such as range-bound trading, gradual uptrends, or gradual downtrends. This feature supports a variety of common multi-leg options strategies, including spreads and straddles, allowing users to create multiple option legs in a single order and view the overall cost, payoff structure, and risk exposure in an intuitive combined format. By eliminating the need to place orders leg by leg, users can quickly build and manage complex strategies, significantly reducing operational complexity and improving trading efficiency.Details link:https://www.gate.com/options/BTC_USDT