Gold, Silver and Volatility Indexes Rise as Oil Prices Diverge

Gate states that it has officially launched gold and oil options as BTC implied volatility held near 51% and ETH implied volatility near 75%, with options positioning showing mixed gamma zones around late-March and early-April expiries.

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Summary

According to Gate’s report, the platform officially launched gold and oil options while crypto derivatives metrics showed BTC implied volatility around 51% and ETH implied volatility around 75%. The report said BTC skew remained mildly negative, indicating relatively stronger demand for downside protection than upside exposure. It also identified a positive gamma peak of about 7 million near the March 27 expiry and a negative gamma zone near the April 3 expiry, highlighting potentially different dealer hedging dynamics across those maturities.

Terms & Concepts
  • BTC IV: Bitcoin implied volatility, a market-based estimate of how much traders expect Bitcoin’s price to fluctuate over a given period.
  • ETH IV: Ethereum implied volatility, which reflects expected future price swings for Ether based on options pricing.
  • gamma: An options risk metric that measures how quickly delta changes as the underlying asset price moves, often influencing hedging flows around expiry.