比特幣（BTC）和以太坊（ETH）選項今天到期：波動的支撐

隨著時鐘的滴答降低到超過23億美元的比特幣（BTC）和以太坊（ETH）期權的到期，加密貨幣市場正在支撐潛在的波動性。

The cryptocurrency market is bracing for potential volatility as the clock ticks down to the expiry of over $2.3 billion in combined Bitcoin (BTC) and Ethereum (ETH) options. Today, $2.02 billion in Bitcoin options and $280 million in Ethereum options are set to expire.

加密貨幣市場正在實現潛在的波動性，因為時鐘降至超過23億美元的比特幣（BTC）和以太坊（ETH）選項的到期。如今，有20.2億美元的比特幣期權和2.8億美元的以太坊期權將到期。

Historically, such expirations have acted as major catalysts for sudden price movements. Additionally, Open Interest is climbing and smart money sentiment has turned positive for Bitcoin, whereas, Ethereum is facing significant sell pressure with large "whales" pulling out of the market.

從歷史上看，這種到期一直是突然價格變動的主要催化劑。此外，開放的興趣是攀登，聰明的錢情緒對比特幣產生了積極的態度，而以太坊正面臨著巨大的賣出壓力，而大型“鯨魚”正在脫離市場。

Bitcoin Shows a Clearer Bullish Bias Ahead of Expiry

比特幣在到期之前顯示出更明顯的看漲偏見

Bitcoin is showcasing a clear bullish bias as it heads into the options expiry today. Open Interest, which measures the total number of outstanding derivative contracts, has been climbing steadily throughout the year. This suggests growing confidence and increasing interest from traders, many of whom are positioning for a potential price surge.

比特幣正在展示明顯的看漲偏見，因為它進入了今天的期權到期。衡量未償還衍生合同總數的開放興趣在全年都在穩步攀升。這表明，交易者的信心日益增強和興趣不斷提高，其中許多人正在定位潛在的價格上漲。

More importantly, smart money sentiment has turned positive, indicating that institutional investors and sophisticated traders are likely betting on upward price movement. This is a significant development, as smart money sentiment is often a good predictor of institutional trends.

更重要的是，聰明的錢情緒變成了積極的態度，這表明機構投資者和成熟的交易者可能會押注向上的價格變動。這是一個重大的發展，因為聰明的錢情緒通常是對機構趨勢的良好預測指標。

In recent weeks, Bitcoin has experienced a steady buildup of bullish momentum, and the options expiry could serve as the trigger for a price breakout if the market maintains its current strength. However, with such a large volume of options expiring and many traders looking to protect their capital or capitalize on potential gains, the risk of sudden price swings is elevated.

最近幾週，比特幣經歷了看漲勢頭的穩定積累，如果市場保持當前的實力，則期權可能會觸發價格突破的觸發因素。但是，隨著大量期權到期，許多尋求保護其資本或利用潛在收益的交易者，突然價格波動的風險被升高。

On the other hand, Ethereum is facing a different set of challenges. Whale inflows into the Ethereum market are showing signs of increasing sell pressure, as large holders are pulling out of the asset. Along with this, sentiment indicators for Ethereum are skewing sharply bearish. This shift in sentiment suggests that both institutional and retail traders are expecting a downtrend in ETH’s price.

另一方面，以太坊正面臨著不同的挑戰。進入以太坊市場的鯨魚流入顯示出賣出壓力增加的跡象，因為大型持有人正在退出資產。隨之而來的是，以太坊的情感指標偏向於看跌。這種情緒的轉變表明，機構和零售交易者都期望ETH的價格下降。

The combination of whale activity and negative sentiment could contribute to further selling pressure as Ethereum approaches the expiry of $280 million in options. This bearish outlook is further compounded by the overall market conditions, which remain volatile due to the expiry events across both BTC and ETH.

隨著以太坊接近2.8億美元期權的到期，鯨魚活動和負面情緒的結合可能會導致進一步的銷售壓力。這種看跌的前景進一步加劇了整個市場狀況，由於BTC和ETH的到期事件，這種前景仍然動盪。

Both Bitcoin and Ethereum options expiries have historically led to heightened volatility and price swings. These expirations represent a massive amount of open contracts that need to be settled, and traders often adjust their positions in anticipation of the outcome. The result can be sharp movements in both directions as market participants look to protect their positions or realize profits.

比特幣和以太坊期權的到期都導致波動和價格波動的提高。這些到期代表了需要解決的大量開放合同，而交易者通常會在預期結果中調整其頭寸。由於市場參與者尋求保護自己的地位或實現利潤，因此結果可以是兩個方向上的急劇動作。

The current situation, with Bitcoin’s rising Open Interest and positive sentiment clashing with Ethereum’s bearish outlook and large outflows, presents a unique scenario for both assets. Traders are aggressively repositioning themselves, trying to balance the risks of volatile price swings with the opportunity to maximize their returns. This high-stakes environment, combined with the looming expiry events, suggests that today’s trading session could be pivotal for both Bitcoin and Ethereum.

當前的情況是，比特幣與以太坊的看跌前景和大量流出的興趣不斷上升，並為這兩個資產提供了獨特的情況。交易者正在積極地重新定位自己，試圖平衡波動價格波動的風險，並有機會最大化其回報。這種高風險的環境以及迫在眉睫的到期活動表明，今天的交易會議對於比特幣和以太坊都可能是關鍵的。

As the expiry events approach, both BTC and ETH are likely to experience heightened intraday risk. The potential for sudden price movements is particularly high given the significant divergence in Open Interest and sentiment indicators for both cryptocurrencies. Traders who are caught on the wrong side of these moves may find themselves exposed to sudden and sharp losses, adding another layer of unpredictability to the markets.

隨著到期事件的臨近，BTC和ETH都可能會出現日內風險的加劇。鑑於兩種加密貨幣的開放興趣和情感指標的顯著差異，突然的價格變動的潛力尤其很高。陷入這些舉動的錯誤方面的交易者可能會發現自己遭受了突然而急劇的損失，為市場增加了另一層不可預測性。

With the expiration of such a large volume of options contracts, both Bitcoin and Ethereum are at the mercy of volatile price action in the short term. While Bitcoin shows signs of bullishness, Ethereum’s bearish sentiment suggests that caution is warranted for ETH traders. As the options expiry unfolds, the markets could see drastic fluctuations in both directions.

隨著如此眾多的期權合約的到期，比特幣和以太坊在短期內都受到波動價格行動的擺佈。儘管比特幣表現出看漲的跡象，但以太坊的看跌感情表明，對ETH商人有必要謹慎。隨著期權到期的發展，市場可能會在兩個方向上看到急劇波動。