Gate Research: Crude oil and gold volatility indices hit new highs since 2021, with bullish sentiment dominating the cryptocurrency options market.

According to Gate Research, BTC's volatility index (IV) is around 54%, and ETH's is around 75%, both at relatively high levels over the past year. Gold and crude oil volatility indices are around 33% and 108% respectively, reaching new highs since 2021. BTC skew remains in negative territory, with put option premiums dominating, but safe-haven demand has eased somewhat. GEX formed a significant positive Gamma peak near its March 27th expiry date, suggesting that short-term prices may be influenced by the Gamma magnetic effect, leading to a convergence in volatility. The largest 24-hour block trades were long option strategies: a BTC bull spread of approximately 1,000 BTC and an ETH risk reversal structure of approximately 8,500 ETH.