Gate Institute: $14.5 billion in cryptocurrency options expiring on Friday, creating the largest delivery volume of 2025.

PANews August 27 news, according to Gate Research Institute analysis, this Friday will welcome the August Options monthly Delivery, with approximately 14.5 billion USD contracts expiring, creating the largest scale since 2025. Among them:

BTC Options: Notional value of $11.4 billion, maximum pain point price $116,000, put/call ratio 1.6; ETH Options: Notional value of $3.16 billion, maximum pain price level $3,800, put/call ratio 0.7.

In terms of implied volatility, the BTC Volatility Index (DVOL) has slightly rebounded to 38, with a short-term 25 Delta skew moving downward, indicating that traders are hedging downside risk by buying medium to short-term put Options. The ETH market sentiment is relatively optimistic, with a net inflow of $455 million into US spot ETFs yesterday, and continuous spot buying supports 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 composite margin mechanisms, continuously improving the Options and derivatives trading system.