比特幣期權市場預示著 50,000 美元的潛在痛點

3 月 29 日，Deribit 加密貨幣交易所價值超過 94 億美元的比特幣 (BTC) 選擇權即將到期，分析師表示「最大痛苦」價格約為 5 萬美元。該價格代表了最未平倉選擇權合約的執行價格，表明如果價格跌破該水平，大多數選擇權持有者可能會在到期時遭受財務損失。

Closing Options Signal a Potential "Max Pain" for Bitcoin Around $50,000

關閉期權標誌著比特幣潛在的「最大痛苦」約為 50,000 美元

With over $9.4 billion worth of Bitcoin (BTC) options set to expire on the Deribit cryptocurrency exchange on March 29th, observers are anticipating a reckoning that could potentially drive Bitcoin's price towards the $50,000 range.

Deribit 加密貨幣交易所價值超過 94 億美元的比特幣 (BTC) 選擇權將於 3 月 29 日到期，觀察家預計，這項清算可能會將比特幣的價格推向 5 萬美元的區間。

$50,000: A Painful Prospect for Bitcoin Options Holders?

50,000 美元：比特幣選擇權持有者的痛苦前景？

Over 134,000 BTC in open interest is poised to expire on Friday, with data from Unfolded indicating that the "max pain" price—the strike price with the most outstanding options contracts that would result in financial losses for the majority of holders—could be close to $50,000.

超過134,000 個BTC 的未平倉合約將於週五到期，Unfolded 的數據表明，「最大痛苦」價格（最未平倉選擇權合約的執行價格，將導致大多數持有者遭受財務損失）可能會接近至 50,000 美元。

ETFs: A Double-Edged Sword for Bitcoin's Ascent

ETF：比特幣崛起的雙面刃

CryptoQuant CEO Ki Young Ju suggests that Bitcoin could experience a correction to around $51,000 as inflows into spot Bitcoin exchange-traded funds (ETFs) slow down. These "new whales," primarily ETF buyers, are estimated to have an on-chain cost basis of $56,000, making a 30% correction—which translates to a fall to $51,000—more likely.

CryptoQuant 執行長 Ki Young Ju 表示，隨著現貨比特幣交易所交易基金 (ETF) 的流入放緩，比特幣可能會回調至 51,000 美元左右。這些「新鯨魚」（主要是 ETF 買家）的鏈上成本基礎估計為 56,000 美元，因此更有可能出現 30% 的修正（即下跌至 51,000 美元）。

However, inflows into spot Bitcoin ETFs have picked up some steam recently, with over $15 million coming in on March 25th and an aggregate $418 million net inflow on March 26th. This suggests that the ETF factor may not be as bearish as initially anticipated.

然而，近期比特幣現貨 ETF 的資金流入有所增加，3 月 25 日流入超過 1,500 萬美元，3 月 26 日淨流入總計 4.18 億美元。這表明ETF因素可能並不像最初預期的那樣看跌。

Is the Pre-Halving Correction Over for Bitcoin?

比特幣減半前的調整結束了嗎？

Analyst Rekt Capital believes that Bitcoin's pre-halving price correction is in line with historical patterns, having occurred right on schedule. With the price now back above $70,000, Rekt Capital sees potential for a breakout to new all-time highs if the previous high of $69,000 can be established as support.

分析師 Rekt Capital 認為，比特幣減半前的價格調整符合歷史模式，如期發生。隨著價格現在回到 7 萬美元以上，Rekt Capital 認為，如果先前的高點 69,000 美元能夠成為支撐位，那麼就有可能突破歷史新高。

Local Bottom in Sight for Bitcoin?

比特幣已見局部底部？

A recent price correction last week and Bitcoin's subsequent recovery indicate that the price may have formed a local bottom or is close to doing so. Bitfinex analysts note that the approximate 17.5% correction from the all-time high of $73,666 suggests a local bottom may be near or already established.

上週最近的價格調整以及比特幣隨後的復甦表明，價格可能已經形成局部底部或接近底部。 Bitfinex 分析師指出，較歷史高點 73,666 美元回檔約 17.5%，表明局部底部可能已接近或已確立。

Caution: Remember the Risks

注意：記住風險

It's important to remember that cryptocurrency trading involves inherent risks, and this article does not constitute investment advice. Conducting thorough research and making informed decisions is crucial when navigating the cryptocurrency markets.

重要的是要記住，加密貨幣交易涉及固有風險，本文不構成投資建議。在探索加密貨幣市場時，進行徹底的研究並做出明智的決策至關重要。