Gate Research Institute: Crypto options bulk trading is bearish, with crude oil volatility decreasing by about 38% from high levels, giving the seller strategy an advantage in premium According to Gate Research Institute's observation, BTC IV is about 51% and ETH IV is about 74%, although it has slightly fallen, it is still in the high percentile range of over 80%; The volatility indices of gold and crude oil are about 41.9% and 89.35%, respectively, which have fallen by about 14% and 38% from their previous highs, and are still relatively high in history as a whole. BTC Skew recently rapidly fell from -5 to below -10 and then recovered to around -6, indicating a easing of short-term panic hedging and a return to a neutral bullish structure in the market. GEX formed a positive Gamma peak of approximately 5 million near its maturity on March 27th, and short-term prices may be suppressed by the "magnetic attraction effect". As the maturity approaches or ends, subsequent fluctuations may re amplify. The largest bulk trades in the past 24 hours were BTC 65000/70000 Put Bear Spread (approximately 525 BTC) and ETH 1700P/3200C risk reversal (approximately 15000 ETH). Gate has officially launched gold and crude oil options, ushering in a new era of multi asset option trading. On the basis of the original 11 types of encrypted asset options, traditional asset targets are introduced for the first time, providing users with more opportunities for cross market volatility trading. Gold option symbol XAUT, crude oil option symbol XTI. Against the backdrop of intensified global macro volatility, gold and crude oil, as core commodity assets, have attracted much attention. Their options provide traders with new tools for volatility trading and risk management.