PANews reported on August 27 that according to Gate Research Institute analysis, the August options monthly delivery will arrive this Friday, with approximately $14.5 billion worth of contracts expiring, the largest since 2025. Among them:

• BTC options: notional value $11.4 billion, maximum pain point $116,000, put/call ratio 1.6;
• ETH options: notional value $3.16 billion, maximum pain point price $3,800, put/call ratio 0.7.

In terms of implied volatility, the BTC Volatility Index (DVOL) rebounded slightly to 38, with the short-term 25-degree Delta trending downward, indicating that traders are hedging downside risk by buying short- to medium-term put options. Ethereum market sentiment is relatively optimistic, with US spot ETFs seeing net inflows of $455 million yesterday. Continued spot buying is supporting Ethereum's price rebound above $4,500.

Currently, Gate has launched USDT-settled options for mainstream assets such as BTC, ETH, SOL, XRP, DOGE, TON, ADA, LTC, and supports cross-currency margin and combined margin mechanisms, continuously improving the options and derivatives trading system.