PANews reported on August 5th that despite a rapid market decline last Friday, with Bitcoin briefly falling below $120,000 and resulting in over $1 billion in leveraged long positions being liquidated, market sentiment has begun to improve with growing expectations of interest rate cuts and positive news from the SEC's new regulations. A buy order for a butterfly call structure (strike prices 118k/124k/126k) expiring on August 29th appeared in the BTC options block market, with a notional value of $680 million, indicating traders' expectations of a gradual stabilization of Bitcoin's price and volatility.

Gate has also launched the "Crypto Options Academy," offering courses at beginner, intermediate, and advanced levels. The program systematically explains options fundamentals, practical strategies, and trading techniques, providing a one-stop, advanced learning path for all types of users. Whether you're a beginner or an expert trader, the Academy provides practical guidance and strategic advancement.

The current market demand for risk management and flexible trading is growing. Options, as a tool that combines hedging, high leverage efficiency, volatility trading, and strategic flexibility, are becoming a focus of attention for institutional and individual investors. Compared to spot and futures contracts, options allow for more sophisticated risk control and diversified strategy development, providing greater operational flexibility and options for navigating complex market environments.