According to ChainCatcher news, analysis from Gate Research Institute indicates that this Friday will see the monthly options expiry for August, with approximately $14.5 billion in contracts expiring, the largest scale since 2025. Among them: BTC options: nominal value of $11.4 billion, maximum pain point price of $116,000, put/call ratio of 1.6; ETH options: nominal value of $3.16 billion, maximum pain point price of $3,800, put/call ratio of 0.7.
In terms of implied volatility, the BTC volatility index (DVOL) has slightly rebounded to 38, with a downward trend in the short-term 25 Delta skew, indicating that traders are hedging downside risks by buying medium to short-term put options. The ETH market sentiment is relatively optimistic, with yesterday's net inflow into the U.S. spot ETF reaching $455 million, and continuous spot buying supporting Ethereum's price rebound above $4,500.
Currently, Gate has launched USDT-settled options for mainstream assets such as BTC, ETH, SOL, XRP, DOGE, TON, ADA, and LTC, and supports cross-currency margin and composite margin mechanisms, continuously improving the options and derivatives trading system.
