Gate Research: Cryptocurrency IVs remain high, while gold and crude oil volatility retreats from their highs.

According to Gate Research, BTC's volatility index (IV) is around 51%, and ETH's is around 75%, both slightly lower but still above the 80% threshold. Gold and crude oil volatility indices are around 28% and 95%, respectively, down about 40% and 30% from previous highs, but still relatively high historically. BTC skew has rebounded and then quickly declined over the past two weeks, before gradually recovering. It is currently in a slightly negative skewed range, indicating that downside protection demand still slightly dominates. GEX formed a positive Gamma peak of approximately 7 million near the March 27th expiry date, and the short-term price may stabilize due to the Gamma magnetic effect; however, a negative Gamma appeared near the April 3rd expiry date, and volatility may be amplified if the price approaches the relevant strike price. The largest block trade in the past 24 hours was a BTC buy of 5