比特幣和以太坊選擇權今天到期可能引發價格波動，因為做市商在聖誕節前調整頭寸

加密貨幣市場最近在許多人所謂的「川普反彈」的推動下出現了顯著上漲。然而，由於到期日如此之大，市場的下一步趨勢尚不確定。

Crypto options contracts expiring on December 18 will determine the next price move in a crucial market event.

12 月 18 日到期的加密貨幣選擇權合約將決定關鍵市場事件中的下一次價格走勢。

The crypto market is experiencing a moment of anticipation as a massive volume of options contracts are set to expire on December 18. This event is expected to influence the next price movement in the digital asset market.

由於大量選擇權合約將於 12 月 18 日到期，加密貨幣市場正經歷一個令人期待的時刻。

As the clock ticks down, the بازار کریپتو has seen a largely bullish trend, with both Bitcoin and Ethereum prices rising in recent days. However, the market's next move remains uncertain, and the options expiration is set to play a critical role in determining the price direction.

隨著時間的流逝，巴貝多出現了基本看漲的趨勢，比特幣和以太坊的價格最近幾天都在上漲。然而，市場下一步走勢仍不確定，選擇權到期將在決定價格方向方面發揮關鍵作用。

This batch of options contracts expiring on December 18 is valued at billions of dollars, and their expiry is set to impact the بازار کریپتو. These contracts expiring on Wednesday are valued at $2.077 billion for Bitcoin and $0.644 billion for Ethereum.

這批將於12月18日到期的選擇權合約價值數十億美元，它們的到期將對巴札爾人民幣產生影響。週三到期的比特幣合約價值為 20.77 億美元，以太坊合約價值為 6.44 億美元。

Bitcoin Options Expiry to Impact Prices

比特幣期權到期影響價格

The options expiring on December 18 are a crucial factor in بازار کریپتو price movements. As per Deribit data, 20,815 Bitcoin options contracts, valued at a combined $2.077 billion, are set to expire on December 18.

12 月 18 日到期的選擇權是巴貝多價格走勢的關鍵因素。根據 Deribit 數據，20,815 份比特幣選擇權合約，總價值 20.77 億美元，將於 12 月 18 日到期。

This event is significant as the expiring contracts span across various strike prices and types, ultimately affecting the overall market sentiment and price direction. Notably, the put-to-call ratio for these expiring contracts stands at 0.83, indicating that more traders are betting on price increases (calls) than decreases (puts). This signals a bullish market sentiment.

這一事件意義重大，因為即將到期的合約涵蓋各種執行價格和類型，最終影響整體市場情緒和價格方向。值得注意的是，這些到期合約的看跌期權與看漲期權比率為 0.83，表明押注價格上漲（看漲期權）的交易者多於押注價格下跌（看跌期權）的交易者。這顯示市場情緒看漲。

Interestingly, the maximum pain point for Bitcoin is positioned just below the current spot price, at $98,000, as reported by Brave New Coin’s Bitcoin Liquid Index. Maximum pain point indicates a price range that would result in the highest losses for options traders.

有趣的是，根據 Brave New Coin 的比特幣流動性指數報告，比特幣的最大痛點位於當前現貨價格 98,000 美元以下。最大痛點表示會導致選擇權交易者損失最高的價格範圍。

This price point is crucial as it can influence market makers' strategies and impact the بازار کریپتو price movements in the lead-up to the options expiry.

這個價格點至關重要，因為它可以影響做市商的策略，並影響選擇權到期前巴貝多的價格走勢。

Moreover, a recent analysis by Greeks Live highlights a greater proportion of recent Block call options trades, with a daily average of over 30%. In previous years, the Christmas season in Europe and the US would lead to a decrease in trading activity. However, this year, the بازار کریپتو is being influenced by US stock بازار, which might amplify this trend.

此外，Greeks Live 最近的一項分析顯示，近期大宗看漲期權交易的比例更高，日均交易量超過 30%。往年，歐洲和美國的聖誕節季節會導致貿易活動減少。然而，今年巴札爾匯率受到美股巴札爾的影響，可能會放大這一趨勢。

As the Christmas season and year-end deliveries approach, market makers are adjusting their positions accordingly. The بازار کریپتو is experiencing a surge in bullish options trades, indicating optimism among traders for a positive close to the year.

隨著聖誕節和年底交貨的臨近，做市商正在相應調整頭寸。巴貝多正在經歷看漲期權交易的激增，這表明交易者對今年年底的積極表現持樂觀態度。

The prospect of a crypto-friendly Trump administration in 2025 is also adding to the bullish mood in the بازار کریپتو. Traders are anticipating policies that could support the crypto industry, adding a layer of optimism to the current market dynamics.

2025 年川普政府對加密貨幣友善的前景也加劇了巴貝多的看漲情緒。交易員正在期待能夠支持加密貨幣產業的政策，為當前的市場動態增添一層樂觀情緒。

While Bitcoin has taken the lead in the crypto price rally, showing a 0.7% increase in the past 24 hours, Ethereum also joins the options expiry drama. About 164,330 Ethereum contracts, valued at nearly $0.644 billion, are also set to expire on December 18.

雖然比特幣在加密貨幣價格上漲中處於領先地位，在過去 24 小時內上漲了 0.7%，但以太坊也加入了選擇權到期的行列。價值近6.44億美元的約164,330份以太坊合約也將於12月18日到期。

According to Deribit, the expiring options span across various strike prices and types, influencing the next price move in the digital asset market. Notably, the put-to-call ratio for these expiring contracts is 0.68, indicating more traders are betting on price increases.

據 Deribit 稱，到期期權涵蓋各種執行價格和類型，影響數位資產市場的下一步價格走勢。值得注意的是，這些到期合約的看跌期權與看漲期權比率為 0.68，表明更多交易者押注價格上漲。

بازار کریپتو Prices to Be Impacted by Options Expiry

加密貨幣市場價格將受到選擇權到期的影響

This event is crucial as بازار کریپتو prices have been largely influenced by options traders in recent times. بازار کریپتو prices have soared to new highs in 2024, with both Bitcoin and Ethereum prices rising significantly.

這一事件至關重要，因為近期巴扎爾價格在很大程度上受到期權交易商的影響。巴貝多價格在2024年飆升至新高，比特幣和以太幣價格都大幅上漲。

However, بازار کریپتو prices have shown signs of slowing down in recent days, especially with the recent economic data and the upcoming holidays. بازار کریپتو prices could experience a strong impact from the options expiring on December 18.

然而，最近幾天，巴札爾泰克價格顯示出放緩的跡象，特別是考慮到最近的經濟數據和即將到來的假期。 12 月 18 日到期的選擇權可能會嚴重影響巴貝多的價格。

As بازار کریپتو prices have shown a variance from their all-time highs, options traders have actively engaged in strategies like Put Value Play (PVP) to maximize profits in a shorter duration. This strategy involves selling a put option while simultaneously purchasing a lower-strike put option to capitalize on بازار کریپتو price movements.

由於巴布亞新幾內亞的價格與歷史高點有所不同，選擇權交易者積極採用看跌期權（PVP）等策略，以在更短的時間內實現利潤最大化。該策略涉及賣出看跌期權，同時購買較低執行價格的看跌期權，以利用巴塞爾價格變動。

بازار کریپتو prices have largely remained in a bullish trend as a result of these strategies, with بازار کریپتو prices increasing by 0.55% in the past 24 hours, according to Brave New Coin’s Ethereum Liquid Index. Maximum pain point for ETH is positioned just below the asset’s spot price.

根據 Brave New Coin 的以太幣流動性指數，由於這些策略，巴哈馬幣價格在很大程度上保持看漲趨勢，過去 24 小時巴哈馬幣價格上漲了 0.55%。 ETH 的最大痛點位於該資產的現貨價格下方。

This price point is crucial as it can influence بازار کریپتو price movements in the lead-up to the options expiration. بازار کریپتو prices have yet to hit a new all-time high this year and are trading slightly below $4,000.

這個價格點至關重要，因為它可以影響選擇權到期前的價格走勢。巴札爾的價格今年尚未創下歷史新高，交易價格略低於 4,000 美元。