如今，超過20億美元的比特幣和以太坊期權將到期，這可能會影響短期市場波動。

該加密貨幣選項在一個重要的一周之後到期，其中包括FOMC會議和數字資產峰會。

Over $2 billion in Bitcoin and Ethereum options will expire today, which could influence short-term market swings. This crypto options expiry follows a significant week that featured the FOMC meeting and the Digital Asset Summit. Both events set the stage for important discussions about monetary policy and the future of digital currencies.

如今，超過20億美元的比特幣和以太坊期權將到期，這可能會影響短期市場波動。該加密貨幣選項在一個重要的一周之後到期，其中包括FOMC會議和數字資產峰會。這兩個事件為有關貨幣政策和數字貨幣的未來的重要討論奠定了基礎。

Data from Deribit, the leading exchange for cryptocurrency options, shows that around $1.826 billion of Bitcoin options and $264 million of Ethereum options are expiring. Strike prices are close to their respective “maximum pain” points, $85,000 for BTC and $2,000 for ETH. Hence, market participants are keenly watching price movements. While some analysts anticipate higher volatility, others foresee a possible gradual market rally due to institutional interest.

來自加密貨幣選項的主要交易所Deribit的數據表明，約有18.26億美元的比特幣期權和2.64億美元的以太坊期權正在到期。罷工價格接近其各自的“最大痛苦”積分，BTC的$ 85,000和ETH的2,000美元。因此，市場參與者敏銳地看著價格變動。儘管一些分析師預計波動率更高，但其他分析師則預計，由於機構的利益，可能會逐步的市場集會。

Bitcoin and Ethereum Options Expiry and Market Mechanics

比特幣和以太坊選項到期和市場力學

The expiry of such a large volume of options can produce both direct and indirect effects on market behavior. The concept of “maximum pain” is crucial in this scenario. This term describes the price level where the greatest number of options become worthless. Hence, it minimizes payouts to holders of those contracts.

如此眾多的選擇的到期可能會對市場行為產生直接和間接影響。在這種情況下，“最大疼痛”的概念至關重要。該術語描述了最大選項數量毫無價值的價格水平。因此，它可以最大程度地減少給這些合同的持有人的支出。

Since current market prices for BTC and ETH are close to these levels, traders expect possible price shifts as option sellers adjust their positions. Additionally, the put-to-call ratio remains below one for both assets. This suggests a stronger inclination toward call options, indicating that more traders are predicting upward movement rather than engaging in hedging strategies against a decline.

由於BTC和ETH的當前市場價格接近這些水平，因此隨著期權銷售商調整頭寸，交易者預計可能會轉移價格轉移。此外，兩種資產的pall票比率仍低於一個。這表明對呼叫選擇的傾向更加強烈，這表明更多的交易者正在預測向上的運動，而不是從事對沖策略，以防止下降。

Historically, crypto options expiry events of this scale have resulted in greater short-term volatility as positions unwind, liquidity changes, and traders respond to shifting market conditions.

從歷史上看，隨著職位放鬆，流動性變化和交易者對變化的市場狀況的反應，該量表的加密貨幣期權到期事件導致了更大的短期波動。

Institutional Interest and Market Sentiment

機構利益和市場情緒

Despite brief fluctuations, institutional involvement in the crypto market still promotes long-term market optimism. Major financial firms and corporate entities have been increasing their exposure to digital assets. Speculation about substantial future purchases contributes to positive crypto market sentiment.

儘管發生了短暫的波動，但機構參與加密市場仍然促進了長期市場樂觀。主要的金融公司和公司實體一直在增加其對數字資產的影響。關於將來的大量購買的猜測會導致積極的加密市場情緒。

Gracy Chen, Bitget’s CEO, has expressed confidence that Bitcoin will remain stable above the $73,000 to $78,000 range, which could pave the way for potential new highs. Some analysts also highlight the influence of government Bitcoin reserves. They suggest that strategic reserves might enhance institutional credibility and reinforce market stability over time.

Bitget的首席執行官Gracy Chen對比特幣將保持穩定的信心在73,000美元至78,000美元之間的穩定性，這可能為潛在的新高點鋪平道路。一些分析師還強調了政府比特幣儲備的影響。他們認為，戰略儲備可能會提高機構信譽，並隨著時間的推移增強市場穩定。

What Comes Next? Predictions Amid Market Uncertainty

接下來是什麼？市場不確定性的預測

As the crypto options expiry approaches, traders are debating whether the market will see a sharp decrease in volatility or a gradual adjustment in price. Some experts predict a short-term decline. This is because the FOMC meeting position against more interest rate cuts has lowered immediate investor excitement.

隨著加密貨幣期權到期，交易者正在辯論市場是否會看到波動性的急劇下降或價格逐漸調整。一些專家預測短期下降。這是因為FOMC的會議地位反對降低利率的降低降低了直接投資者的興奮。

In contrast, others anticipate a period of price swings followed by a lasting surge. With Bitcoin trading around $84,000 and Ethereum close to $1,977, many traders are watching important support and resistance levels for signals about market direction.

相比之下，其他人預計價格波動，然後是持久的激增。隨著比特幣的交易約84,000美元，以太坊接近1,977美元，許多交易者正在關注有關市場方向的信號的重要支持和阻力水平。

Future economic developments, corporate investments, and regulatory changes will likely affect digital asset values in the coming weeks.

未來的經濟發展，公司投資和監管變化可能會在未來幾週內影響數字資產價值。

Preparing for Post-Expiration Market Movements

準備後培訓市場運動

Given that crypto options expiry events have historically initiated temporary price instability, traders and investors should be cautious and use strategic risk management. The combination of technical indicators, institutional actions, and broader economic situations will define crypto market sentiment.

鑑於加密貨幣期權到期事件在歷史上已經引發了臨時價格不穩定，貿易商和投資者應該謹慎並使用戰略風險管理。技術指標，機構行動和更廣泛的經濟狀況的結合將定義加密市場的情緒。

Although short-term uncertainty persists, the overall situation surrounding Bitcoin and Ethereum still favors long-term expansion. Investors should stay alert, watch crucial levels, and adjust their strategies accordingly as the market absorbs the impact of this significant options expiry.

儘管短期不確定性仍然存在，但圍繞比特幣和以太坊的總體狀況仍然有利於長期擴張。投資者應保持警惕，關注關鍵水平並相應調整策略，因為市場吸收了這種重要期權到期的影響。