比特幣和以太坊選項到期：改變市場情感的遊戲改變者

加密貨幣市場正在為一項重大事件做好準備，因為價值超過100億美元的比特幣（BTC）和以太坊（ETH）期權合同將到期。

As the cryptocurrency market braces for a pivotal moment, more than $10 billion in Bitcoin (BTC) and Ethereum (ETH) options contracts are poised to expire on Friday, setting the stage for potential market shifts that could ripple through the entire crypto space.

作為關鍵時刻的加密貨幣市場括號，比特幣（BTC）和以太坊（ETH）期權合同有望在周五到期，這為潛在的市場轉變奠定了基礎。

Out of this staggering amount, Bitcoin options total $8.36 billion, while Ethereum options stand at $1.94 billion, promising to amplify any price movements with an adrenaline-pumping effect.

在這筆驚人的金額中，比特幣期權總計83.6億美元，而以太坊期權為19.4億美元，有望通過腎上腺素泵送效果擴大任何價格變動。

This massive options expiration is a stark contrast to the previous weeks. Bitcoin will see a massive 80,179 options contracts expiring, a significant increase compared to the 30,645 contracts expiring last week.

這種巨大的期權到期與前幾周形成了鮮明的對比。比特幣將有80,179個期權合同到期，與上周到期的30,645份合同相比，比特幣將有顯著增加。

Meanwhile, expiring Ethereum options reach 603,426 contracts, up from 173,830 the previous week, indicating that market participants are anticipating significant price movements.

同時，到期以太坊期權達到603,426份合同，高於上週的173,830，這表明市場參與者預計會有重大的價格變動。

The maximum pain levels for Bitcoin and Ethereum are set at $98,000 and $3,300, respectively. These levels denote the price at which the highest number of options contracts will expire worthless, serving as a critical indicator of where traders might direct their actions.

比特幣和以太坊的最大疼痛水平分別為98,000美元和3,300美元。這些級別表示最多的期權合同數量到期毫無價值的價格，這是交易者可能在何處指示其行為的關鍵指標。

Interestingly, both Bitcoin and Ethereum show a bullish sentiment, with put-to-call ratios of 0.68 for Bitcoin and 0.43 for Ethereum, signaling an overall expectation of price increases despite recent pullbacks.

有趣的是，比特幣和以太坊都表現出看漲的情緒，比特幣的比率為0.68，以太坊的比率為0.43，表明儘管最近回調，對價格的總體預期也會增加。

Rising Optimism Amid Expiration: How the Market Is Positioned

在有效期內的樂觀情緒上升：市場如何定位

Although the expiration of such a large volume of options could lead to price fluctuations, the overall sentiment appears to be optimistic.

儘管如此大量的選擇的到期可能會導致價格波動，但總體情緒似乎是樂觀的。

Traders seem to be betting on price increases for both Bitcoin and Ethereum, with a focus on long positions as the market nears its maximum pain levels. These developments suggest that market participants are preparing for bullish movements in the days leading up to the expiration.

交易者似乎在比特幣和以太坊的價格上漲，隨著市場接近其最大疼痛水平，重點是長位置。這些發展表明，市場參與者正在準備在到期的日子里為看漲的運動做準備。

Currently, Bitcoin is trading at $104,299, down by 0.64%, while Ethereum is up by a modest 1.04%, trading at $3,226. Both assets are experiencing a state of flux, hovering near their maximum pain points.

目前，比特幣的交易價格為104,299美元，下降了0.64％，而以太坊的交易價格上漲了1.04％，交易價格為3,226美元。這兩種資產都經歷了通量狀態，徘徊在其最大疼痛點附近。

Traders Prepare for Post-Expiration Landscape

貿易商為爆炸後格局做準備

After the expiration of Bitcoin and Ethereum options contracts, the crypto market is likely to stabilize. While the short-term volatility may persist, the expiration will ultimately clear the path for a more predictable price action, with traders reacting to the aftermath of today’s developments.

比特幣和以太坊期權合約到期後，加密貨幣市場可能會穩定。儘管短期波動率可能會持續存在，但到期最終將清除更可預測的價格行動的途徑，而交易員會對當今發展的後果做出反應。

The outcomes of this massive expiration could influence the direction of Bitcoin and Ethereum for the rest of the week, making it a crucial period for both traders and investors.

在本週剩下的時間裡，這種大規模到期的結果可能會影響比特幣和以太坊的方向，這對貿易商和投資者來說都是至關重要的時期。

The Impact of $10 Billion in Expiring Options on the Crypto Market

100億美元到期期權對加密貨幣市場的影響

With over $10 billion at stake, this major options expiration event could have lasting consequences on the price trajectories of both Bitcoin and Ethereum. As the contracts expire, the market could witness heightened volatility, driven by price manipulation, liquidations, and the adjustments of traders’ positions. Investors are advised to stay alert, as the market dynamics could change rapidly during this pivotal moment.

由於有超過100億美元的危險，此主要期權到期活動可能會對比特幣和以太坊的價格軌跡產生持久的後果。隨著合同到期，由於價格操縱，清算以及交易者職位的調整，市場可能會見證波動的提高。建議投資者保持警惕，因為在這個關鍵時刻，市場動態可能會迅速變化。

Today’s options expiration is set to leave a substantial mark on Bitcoin and Ethereum’s short-term price action, potentially influencing the broader cryptocurrency market and determining the direction for the days and weeks ahead. As the crypto community watches on, the outcome of this massive expiration event could shape the future of Bitcoin and Ethereum, setting the stage for what lies ahead in the market.

當今的期權到期將在比特幣和以太坊的短期價格行動上留下很大的標記，這可能會影響更廣泛的加密貨幣市場，並確定未來幾天和幾週的方向。正如加密社區所關注的那樣，這一大規模到期事件的結果可能會影響比特幣和以太坊的未來，從而為市場上的前方奠定了基礎。