比特幣 (BTC) 市場趨勢表明，當選總統唐納德·川普 (Donald Trump) 1 月 20 日就職後，比特幣價格將創下歷史新高

週六，加密貨幣交易所 Deribit 的一名交易員花費超過 600 萬美元購買了將於 3 月 28 日到期的 10 萬美元的行使價看漲期權

Bitcoin (BTC) price action may be setting up for another leg up after President-elect Donald Trump’s inauguration on Jan. 20, judging by the latest derivatives data.

從最新的衍生性商品數據來看，當選總統唐納德·川普 (Donald Trump) 於 1 月 20 日就職後，比特幣 (BTC) 的價格走勢可能會再次上漲。

On Saturday, an unknown trader spent over $6 million to buy the $100,000 strike call options set to expire on March 28, data from crypto derivatives data source Amberdata shows.

加密貨幣衍生性商品資料來源 Amberdata 的數據顯示，週六，一位不知名的交易員花費了超過 600 萬美元購買了將於 3 月 28 日到期的 10 萬美元的執行看漲期權。

"This trade anticipates that new highs for bitcoin will be broken just a few months after Trump officially takes office," Amberdata noted on Friday.

Amberdata 週五指出：“這項交易預計，在川普正式上任幾個月後，比特幣將突破新高。”

Traders are also net buyers at the $120,000 strike, indicating a strong anticipation of a rally pushing prices above that level. The $120,000 call is the most popular option on Deribit, boasting a notional open interest of $1.52 billion at press time.

交易員在 12 萬美元的罷工價處也是淨買家，這表明他們強烈預期價格將上漲至該水平之上。 12 萬美元的買權是 Deribit 上最受歡迎的選擇權，截至發稿時名義未平倉合約為 15.2 億美元。

A call option gives the buyer the option to buy the underlying asset at a specific price later in time. A call buyer is implicitly bullish on the market, looking to make asymmetric gains from an expected price rally.

買權讓買方可以選擇稍後以特定價格購買標的資產。買權買家隱含地看好市場，希望從預期的價格上漲中獲得不對稱的收益。

The renewed interest in the call options comes as BTC looks to regain the $100,000 handle. At press time, the leading cryptocurrency by market value trades above $99,500, marking an 8% recovery from the Dec. 30 low of $91,384, according to data from CoinDesk and TradingView.

隨著 BTC 尋求重回 10 萬美元關口，人們對看漲期權的興趣重新燃起。根據 CoinDesk 和 TradingView 的數據，截至發稿時，市值領先的加密貨幣交易價格超過 99,500 美元，較 12 月 30 日低點 91,384 美元回升 8%。

"The inauguration and right after will be a prime-time for bullish announcements and policies that could be bullish catalysts for bitcoin to move higher," Greg Magadini, director of derivatives at Amberdata, noted in a weekly newsletter.

Amberdata 衍生品總監 Greg Magadini 在每週通訊中指出：「就職典禮及其後將是看漲公告和政策的黃金時段，這些公告和政策可能成為比特幣走高的看漲催化劑。

CF Benchmarks, a regulated cryptocurrency index provider, voiced a similar opinion, adding that potential delays in policy development, if any, could temper the bullish mood.

受監管的加密貨​​幣指數提供者CF Benchmarks也表達了類似的觀點，並補充說，政策制定的潛在延遲（如果有的話）可能會緩和看漲情緒。

"A restructured SEC under pro-cryptocurrency leadership may reduce enforcement risks and foster innovation. These changes, coupled with streamlined compliance requirements, could enhance investor confidence," CF Benchmarks noted in an annual report shared with CoinDesk.

CF Benchmarks 在與CoinDesk 分享的年度報告中指出：「在支持加密貨幣的領導下，重組後的SEC 可能會降低執法風險並促進創新。這些變化加上簡化的合規要求，可以增強投資者的信心。

"We believe that an industry framework will come, however, implementation delays or policy shifts may temper market optimism, creating short-term volatility," the firm added.

該公司補充說：“我們相信行業框架將會到來，然而，實施延遲或政策轉變可能會削弱市場樂觀情緒，造成短期波動。”

Expectations for pro-crypto regulatory changes have bolstered the crypto market sentiment since Donald Trump won the U.S. election in early November. BTC rose from roughly $70,000 to new lifetime highs above $108,000 weeks after the election. However, the rally lost steam in the second half of December, likely due to year-end profit-taking and hawkish Fed rate projections.

自 11 月初唐納德·川普贏得美國大選以來，對支持加密貨幣監管變化的預期提振了加密貨幣市場情緒。大選後幾週，比特幣從約 7 萬美元上漲至 10.8 萬美元以上的歷史新高。然而，漲勢在 12 月下半月失去動力，可能是由於年底獲利回吐和鷹派的聯準會利率預測。