Gate Research: ETH's upside potential may be limited; strategy shows a bearish bias.

PANews reported on January 15th that, according to Gate Research, approximately $2.6 billion worth of BTC and ETH options will be settled this Friday. Currently, the implied volatility (IV) for BTC and ETH is 41% and 57% respectively, a further decline from last week. The 25-Delta Skew for BTC and ETH over the past week shows that short-term defensive sentiment has clearly recovered after a rapid rise, and panic has subsided, while medium- to long-term defensive demand remains, but overall remains stable. In terms of block trades, the largest ETH transaction was a buy of ETH-270326-3100-P and a sell of ETH-270326-3500-C, totaling approximately 14,000 ETH, with a net premium expenditure of approximately $1.34 million. The largest combination trade was a short Risk Reversal strategy.

Gate introduces a convenient options trading tool – Combination Strategy Ordering – to help users efficiently navigate different market conditions, such as narrow range trading, gradual rises, or gradual falls. This feature supports various common multi-leg option strategies, including spreads and straddles, allowing users to create multiple option legs at once and visually display the overall cost, profit/loss structure, and risk exposure in a combined format. Users can quickly build and manage multi-leg strategies without having to operate on each leg individually, significantly reducing operational complexity and improving trading efficiency.