Exchange Research Institute: Against the backdrop of war, BTC remains stable and strong, with volatility staying at a high level

PANews, March 5th — According to observations from a certain exchange's research institute, the current implied volatility (IV) for BTC and ETH is approximately 55% and 74% respectively. BTC IV is now near the 91% percentile of the past year, reflecting that the options market's expectations for short-term price fluctuations remain at a high level compared to the past year. Over the past week, the 25-Delta Skew for BTC and ETH has generally stayed in the negative range, widening first and then narrowing, with the 7D once dropping to around -15 vol, indicating a phase of increased short-term Put demand.

From the GEX distribution, Gamma is concentrated in the negative Gamma region around March 13th, which may amplify volatility and evolve into a trending market. In the past 24 hours, the largest block options trade structure was BTC 27MAR26 Buy 125k-C, about 1,500 BTC, with net premium expenditure of $100,000; for ETH, it was 13MAR26 Buy 1950-P, about 10,000 ETH, with net premium payment of $800,000.