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.