[Gate Research Institute: Crypto IV Remains Elevated, Gold and Oil Volatility Retreats from Highs] According to observations by Gate Research Institute, BTC IV is approximately 51% and ETH IV is around 75%. Although slightly declining, they remain in the high percentile range above 80%. The volatility indices for gold and oil are approximately 28% and 95%, respectively, having retreated about 40% and 30% from previous highs, but overall still remain at relatively high historical levels. BTC Skew has seen a rebound followed by a sharp dip over the past two weeks, then gradually recovered, currently remaining in a mildly negative skew range, indicating that demand for downside protection still slightly dominates. GEX formed a positive Gamma peak of approximately 7 million near the March 27 expiration date, suggesting short-term prices may stabilize due to the Gamma magnet effect. However, negative Gamma appears near the April 3 expiration date, and if prices approach the relevant strike prices, volatility could be amplified. The largest block trades in the past 24 hours include a BTC purchase of 50,000 Put options (approximately 1,000 BTC) and an ETH Straddle at a 2,300 strike price (approximately 2,625 ETH). Currently, Gate has officially launched gold and oil options, ushering in a new era of multi-asset options trading. Building on the existing 11 crypto asset options, traditional asset underlyings have been introduced for the first time, providing users with more opportunities for cross-market volatility trading. Gold options are labeled as XAUT, and oil options are labeled as XTI. Against the backdrop of heightened global macroeconomic volatility, gold and oil, as core commodities, are receiving significant attention. Their options provide traders with new tools for volatility trading and risk management.