Gate Research Institute: Oscillatory Low-Volatility Pattern Continues, Bullish Call Spread Demand Strengthens

ChainCatcher News: According to observations from Gate Research Institute, this Friday will see approximately $2 billion in concentrated BTC and ETH options expiration. BTC and ETH implied volatility (IV) remain at 43% and 61% respectively, still in the lower range of recent levels. Over the past week, the 25-Delta Skew of BTC and ETH have shown a trend of low-level recovery and negative skew convergence overall, with short-term expiries (7D) improving most notably, reflecting a significant cooling of short-term downside protection demand. Meanwhile, block trades buying BTC-300126-100000-C have accumulated approximately 3,000 BTC in cumulative transactions, with net premium outlay of approximately $3.2 million, indicating that mainstream capital is more inclined to deploy bullish structural strategies above key support levels.

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