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Gate's Victoria Harbour special exhibition is extremely popular, sparking a wave of enthusiasm for viewing

Gate's "Racing the Future" outdoor crossover exhibition held at K11 MUSEA's waterfront promenade in Victoria Harbour, Hong Kong, is gaining momentum, with media day and public opening generating significant attention. On the first day of the media day, hundreds of stars, KOLs, and media attended, with the highlight being the unveiling of a giant driver helmet for Max Verstappen, sparking a wave of interest both on-site and online.After opening to the public on the 18th, the number of visitors significantly increased, with over ten thousand attendees on the first day. A large crowd continued to gather along the Victoria Harbour, creating a vibrant exhibition atmosphere. The exhibition prominently features the F1 Red Bull Racing Team's brand new car and core equipment for 2026, and through immersive interactive experiences, it visually presents the engineering of racing and speed culture, attracting many visitors to stop, participate, and take photos.It is reported that Gate will also hold the "Gate 13 Blue Carpet Ceremony" on April 20, where the F1 Red Bull Racing Team's display car will be unveiled along with brand collaboration showcases. That evening, Gate will host a high-end anniversary dinner at the Rosewood Hong Kong, with platform founder and CEO Dr. Han in attendance. Over 300 representatives from top industry institutions and partners are expected to be invited for networking.Gate Live will start the live broadcast of the blue carpet ceremony on April 20 at 17:30 (UTC+8), and will simultaneously broadcast the Gate 13 anniversary high-end dinner event at 20:00 (UTC+8), inviting several industry guests to participate in discussions and interactions, providing frontline perspectives and the latest insights.

The $20,000 Bitcoin put option has become the third most popular strike price before the quarterly expiration

According to CoinDesk, before the expiration of Deribit Bitcoin quarterly options, the $20,000 put options have become the third most popular strike price, with a nominal value of approximately $596 million, reflecting traders' positioning for extreme downside scenarios amid geopolitical tensions in the Middle East.In terms of open interest distribution, the three main strike prices are: $125,000 call options ($740 million), $75,000 ($687 million), and $20,000 put options ($596 million), showing a wide distribution of expectations for both upward and downward movements. The total nominal value of this Deribit Bitcoin options expiration is $13.5 billion, with a total open interest of 195,719 BTC, including 120,236 BTC in call contracts and 75,482 BTC in put contracts.With the current BTC price below $70,000, the $20,000 strike price is considered deeply out-of-the-money, only profitable if the market drops more than 70% from the current price. A significant amount of such activity is likely traders collecting premiums by selling these deeply out-of-the-money put options, reflecting a low probability expectation of a drop to $20,000, rather than directly hedging against crash risks— in other words, this is more of a yield enhancement or volatility strategy rather than a direct bearish bet.Overall sentiment indicates that despite the market being in extreme fear, the put/call ratio in the options market remains at 0.63, meaning there are more call options than put options, and the overall sentiment is still slightly bullish. The maximum pain point is at $75,000, which may create a magnetic effect on Bitcoin prices before expiration.
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