比特幣投資者等待以太坊 ETF 批准，探索新的交易策略

自 2024 年初以來，比特幣的表現非常好，該幣在 3 月創下了歷史新高，比最近一次減半提前了一個多月。

Bitcoin has had a very good run since the beginning of 2024, with the coin recording a new all-time high in March, more than a month ahead of the latest halving. The ETFs worked hard to boost the coin as well, and investors noticed immediately. Many have already started looking into where to buy btc more efficiently in order to consolidate their holdings.

自 2024 年初以來，比特幣的表現非常好，該幣在 3 月創下了歷史新高，比最近一次減半提前了一個多月。 ETF 也努力提振代幣，投資人立刻注意到了這一點。許多人已經開始考慮在哪裡更有效地購買比特幣，以鞏固他們的持有量。

The general market sentiment has been increasingly optimistic ever since, and although the corrections have removed the gains and brought the price slightly lower than the 2021 all-time high of $69,000, the value has remained relatively stable overall. This is a good sign for investors, who are convinced that the prices will stay consistent, meaning that the gains will remain roughly the same.

此後，整體市場情緒日益樂觀，儘管調整消除了漲幅並使價格略低於 2021 年的歷史高點 69,000 美元，但整體價值保持相對穩定。這對投資者來說是一個好兆頭，他們相信價格將保持一致，這意味著收益將保持大致相同。

However, there are some things that could put the market in jeopardy and lead to capital losses. One of them is the potential approval of the Ethereum ETFs. And although ETH is still far away from BTC in terms of market capitalization, it is the most powerful contender digital gold has to deal with.

然而，有些事情可能會使市場陷入危險並導致資本損失。其中之一是以太坊 ETF 的潛在批准。儘管從市值來看，ETH 與 BTC 相比還存在較大差距，但它卻是數位黃金要面對的最有力的競爭者。

Ether ETFs

以太坊ETF

The exchange-traded funds have been hailed as fundamental game-changers of the crypto space due to their ability to attract a larger number of investors, including institutional and corporate traders that will naturally bring considerable amounts of capital into the system. Since the cryptocurrency market is often difficult to understand due to its reliance on novel technologies and frequent fluctuations, many investors are reluctant to join the ranks due to apprehension. After all, losing significant amounts of capital is not something that should be taken lightly.

交易所交易基金被譽為加密貨幣領域的根本性遊戲規則改變者，因為它們能夠吸引更多投資者，包括機構和企業交易者，這些投資者自然會為系統帶來大量資金。由於加密貨幣市場依賴新技術且波動頻繁，往往難以理解，許多投資者出於顧慮而不願加入這一行列。畢竟，損失大量資金並不是一件可以掉以輕心的事情。

Bitcoin investors have been looking forward to an approval for years now, only to be met with frequent delays. But on January 10th, investors finally received the answer they had been waiting for, as Bitcoin-based ETFs were officially approved by the Securities and Exchange Commission. The impact of this approval was not immediate, but when it finally showed its full scope, many investors realized that they actually hadn’t been optimistic enough with their predictions. The growth rally was robust and substantial, and it impacted other cryptocurrencies as well.

多年來，比特幣投資者一直期待獲得批准，但經常遭到延誤。但1月10日，投資者終於得到了他們一直在等待的答案，基於比特幣的ETF正式獲得了美國證券交易委員會的批准。這項批准的影響並不是立竿見影的，但當它最終展現出其全部範圍時，許多投資者意識到他們的預測實際上還不夠樂觀。成長強勁且實質，也影響了其他加密貨幣。

Almost immediately after, investors also began discussing the possibility of an Ethereum ETF. According to the majority opinion, since the infrastructure was already in place and Bitcoin had already opened the gates, it should be much simpler for other digital assets. The prediction was that The Ethereum exchange-traded funds will be approved by May, and although that hasn’t yet come to pass, the first steps in that direction have already been undertaken.

幾乎緊接著，投資人也開始討論以太坊 ETF 的可能性。大多數人認為，既然基礎設施已經就位，比特幣已經打開了大門，那麼對於其他數位資產來說應該要簡單得多。預測以太坊交易所交易基金將於五月獲得批准，儘管尚未實現，但朝這個方向邁出的第一步已經採取。

Bitcoin ETFs

比特幣ETF

So, how can Bitcoin investors protect their investment portfolios? An approval is likely to generate a lot of hype around the Ethereum ETFs, with the altcoin likely to dominate the market for a while, causing Bitcoin to retest previous support price levels. During such a time period, one of the best bets is market-neutral plays instead of big directional bets.

那麼，比特幣投資者該如何保護自己的投資組合呢？批准可能會引發圍繞以太坊 ETF 的大量炒作，而山寨幣可能會在一段時間內主導市場，導致比特幣重新測試之前的支撐價格水平。在這樣的時期，最好的選擇之一是市場中立的投資，而不是大方向的投資。

Since the beginning of the year, many investors have focused on perpetual futures markets and Bitcoin ETFs due to their relative security and stability.

今年以來，永續期貨市場和比特幣ETF因其相對安全性和穩定性而受到許多投資者的關注。

Right now, the Bitcoin bulls are doubling down on their long positions while the rates on futures exchanges soared to 20%. Contrarians, investors who are going directly against the predominant market patterns and sentiments by selling where others are buying and choosing to buy when the majority sells, are also becoming more common in the Bitcoin landscape. They are currently cashing in by collecting payment for shorting perpetuals, offsetting spot market risks at the same time.

目前，比特幣多頭正在加倍持有多頭頭寸，而期貨交易所的利率則飆升至 20%。逆向投資者在比特幣領域也變得越來越普遍，他們直接反對主要的市場模式和情緒，在其他人買入的地方賣出，並在大多數人賣出時選擇買入。他們目前透過收取做空永續合約的費用來套現，同時抵銷現貨市場風險。

The covered strangle is another type of trading strategy that has been gaining traction with the user base recently. It involves a combination of an out-of-the-money covered call and another out-of-the-money short put. The latter is not covered because the cash is not held in reserve.

備兌寬跨式選擇權是另一種最近受到用戶歡迎的交易策略。它涉及虛值備兌看漲期權和另一虛值空頭看跌期權的組合。後者不包括在內，因為現金沒有保留。

This strategy follows a bullish pattern and can offer some protection against extreme volatility. Selling the out-of-the-money call also deals with options that will expire in December, particularly the ones around the $50,000 and $100,000 levels. Both the downside buffer and the yield are close to 20%, depending on how Bitcoin finishes the current year.

此策略遵循看漲模式，可以針對極端波動提供一定的保護。賣出價外看漲期權還可以處理將於 12 月到期的期權，特別是 50,000 美元和 100,000 美元水平附近的期權。下行緩衝和收益率都接近 20%，具體取決於比特幣今年的表現。

Anti-self-custody

反自我監管

Bitcoin maximalists, colloquially referred to as ‘maxis,’ consider Bitcoin to be the only cryptocurrency that will remain relevant in the future and believe that all altcoins are of inherently lesser value than digital gold. Their preferred ownership method is self-custody, which uses a digital wallet and allows the investor to be in complete control of their digital assets. However, analysts warn that this strategy is only appropriate for the most tech-savvy holders since roughly $27 billion, or more than 1% of BTC’s total market capitalization, has been drained so far from investors through scams, cyberattacks and other fraudulent digital exploits.

比特幣最大化主義者（俗稱「maxis」）認為比特幣是唯一在未來仍具有相關性的加密貨幣，並認為所有山寨幣本質上都比數位黃金價值低。他們首選的所有權方法是自我託管，它使用數位錢包並允許投資者完全控制其數位資產。然而，分析師警告稱，這項策略只適合最精通技術的持有者，因為迄今為止，大約270 億美元（即BTC 總市值的1% 以上）已通過詐騙、網路攻擊和其他欺詐性數位漏洞從投資者手中流失。

As the Bitcoin market continues to expand and gain more customers, it’s essential to protect your coins and ensure you’re doing everything in your power to keep them secure. Using established platforms

隨著比特幣市場不斷擴大並贏得更多客戶，保護您的比特幣並確保您盡一切努力確保其安全至關重要。使用已建立的平台