比特幣和以太坊選項過期，使總計27億美元的開放興趣結束

今天早上，貿易商正在密切關注，因為比特幣和以太坊期權總計27億美元在UTC到期。現在塵埃落定

A large sum of Bitcoin and Ethereum options, to the tune of $2.7 billion, expired at 8 AM UTC today. As this event unfolded, both crypto behemoths experienced a slight downturn in their market value.

當今UTC上午8點，大量的比特幣和以太坊選擇量為27億美元。隨著這一事件的展開，兩個加密龐然大物的市場價值略有下滑。

Bitcoin options, valued at $2.09 billion, reached their expiry, while Ethereum options, totalling $624 million in notional value, also came to a close. The concept of "max pain price," denoting the price level at which option holders face the greatest financial loss, is a crucial element in anticipating price action following such events.

價值為20.9億美元的比特幣期權達到了到期，而以太坊的選項總數為6.24億美元，名義價值也達到了尾聲。 “最大痛苦價格”的概念，表示期權持有人面臨最大財務損失的價格水平，是預期此類事件後價格行動的關鍵因素。

What Was the Immediate Price Reaction to Today’s Options Expiry?

當今期權到期的立即價格反應是什麼？

For Bitcoin, the max pain price stood at $98,000, whereas for Ethereum, it was $3,700. Notably, a substantial portion of these expiring contracts were associated with Deribit, a leading cryptocurrency options exchange.

對於比特幣而言，最大痛苦價格為98,000美元，而對於以太坊的價格為3,700美元。值得注意的是，這些到期合同的很大一部分與領先的加密貨幣期權交易所Deribit有關。

On Deribit, Bitcoin options amounting to $1.83 billion in notional value expired, accompanied by a put/call ratio of 0.85 and a max pain price of $85,000. For Ethereum, the exchange held $259 million in notional value, with a put/call ratio of 0.60 and a max pain price of $2,000.

在deribit上，比特幣期權的名義價值為18.3億美元，伴隨著0.85的PUT/CALL/CALL率和85,000美元的最高疼痛價格。對於以太坊而言，交易所擁有2.59億美元的名義價值，預計率為0.60，最大疼痛價格為2,000美元。

🚨 Options Expiry Alert! 🚨At 08:00 UTC tomorrow, ~$2.09B in crypto options are set to expire.$BTC: $1.83B notional | Put/Call: 0.85 | Max Pain: $85K $ETH: $259M notional | Put/Call: 0.60 | Max Pain: $2KWill we see a volatility squeeze or a slow unwind? Stay ahead with… pic.twitter.com/lJLMwAvioP

🚨選項到期警報！ 🚨AT08:00 UTC明天，〜$ 2.09B的加密貨幣選項將到期。$ BTC：$ 1.83B名義| put/呼叫：0.85 |最大痛苦：$ 85K $ ETH：2.59億美元的名義| put/呼叫：0.60 |最大痛苦：$ 2kwill我們看到波動性擠壓還是緩慢的放鬆？保持……pic.twitter.com/ljlmwaviop

How Did Deribit Influence the Options Expiry Outcome?

deribit如何影響期權到期結果？

The lower put/call ratio observed for Ethereum suggested a stronger bullish sentiment compared to Bitcoin leading into the expiry. However, the overall market conditions have resulted in price decreases for both assets.

觀察到的以太坊的較低的呼叫比率表明，與導致到期的比特幣相比，比特幣具有更強的看漲情緒。但是，總體市場狀況已導致兩種資產的價格下降。

Looking at Bitcoin’s technical indicators, the Bollinger Bands had suggested potential volatility, with the upper and lower bands showing a tightening pattern. While the max pain price for Bitcoin was significantly higher than its current trading price, the expiry event has contributed to a downward pressure.

查看比特幣的技術指標，布林樂隊提出了潛在的波動性，上下頻帶顯示出緊繃的圖案。雖然比特幣的最大痛苦價格明顯高於目前的交易價格，但到期的事件導致了向下壓力。

However, should the price of Bitcoin dip below the lower band of the Bollinger Bands, the support level at $85,000 may be tested, which aligns with Deribit’s max pain level.

但是，如果比特幣的價格低於布林樂隊的下部頻段以下，則可以測試支撐水平為85,000美元，這與deribit的最大疼痛水平保持一致。

Ethereum’s Fibonacci retracement levels indicated that if Ethereum could maintain its momentum above the $3,700 level (the max pain price), the next significant resistance would align with the 1.618 Fibonacci extension, found around $2021.20. However, the expiry has seen Ethereum trade below this level.

以太坊的斐波那契反回率水平表明，如果以太坊可以將其勢頭保持在3,700美元以上（最大疼痛價格），則下一個明顯的阻力將與1.618斐波那契擴展一致，發現約為2021.20美元。但是，到期的以太坊貿易低於此水平。

According to data from CoinMarketCap, Bitcoin is currently trading under $84,000, reflecting a 2.13% decrease over the past 24 hours. Meanwhile, Ether (ETH) trades around $1,950, showing a 2.05% decline during the same period.

根據CoinMarketCap的數據，比特幣目前的交易價格低於84,000美元，反映了過去24小時的2.13％。同時，Ether（Eth）的交易約為1,950美元，顯示同期下降2.05％。

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