比特幣期權價值$ 3.2B今天到期，在美國儲備資產猜測中，市場括號是波動的市場括號

在加密貨幣世界的重大發展中，總計約31.9億美元的31000比特幣（BTC）期權合約正在到期。

Major Development: 31,000 Bitcoin Options Contracts Expiring Today

主要開發：今天有31,000個比特幣選項合同今天到期

In a key development for the cryptocurrency world, 31,000 Bitcoin (BTC) options contracts are expiring on January 24, which equates to roughly $3.19 billion worth of options. This event has garnered attention due to its potential impact on Bitcoin’s price trajectory, especially amid growing speculation about Bitcoin being considered as a reserve asset by the U.S. government. The timing of this options expiration is particularly significant as it follows former President Donald Trump’s executive order to establish a committee that will explore the feasibility of a national Bitcoin reserve.

在加密貨幣界的關鍵開發中，1月24日的31,000比特幣（BTC）期權合約將到期，相當於價值約31.9億美元的期權。由於其對比特幣價格軌蹟的潛在影響，尤其是在對比特幣被美國政府視為儲備資產的猜測中，該活動引起了人們的關注。此期權到期的時機尤為重要，因為它是前總統唐納德·特朗普（Donald Trump）的行政命令成立一個委員會，該委員會將探討國家比特幣儲備的可行性。

What Do These Expiring Bitcoin Options Mean?

這些到期的比特幣選項意味著什麼？

According to data from Greeks.live, a professional options trading platform, these expiring Bitcoin options have a put-call ratio of 0.48, with a maximum pain point at $100,000. The “maximum pain point” refers to the price at which the highest number of options contracts would expire worthless, resulting in the greatest losses for option holders. With $100,000 being a critical price level for Bitcoin options, the expiration of these contracts could trigger substantial volatility in the market.

根據Greeksss.live的數據，專業期權交易平台，這些到期的比特幣選項的次數比例為0.48，最大疼痛點為100,000美元。 “最大疼痛點”是指最高的期權合同數量到期毫無價值的價格，從而造成期權持有人的最大損失。由於100,000美元是比特幣期權的關鍵價格水平，因此這些合同的到期可能會引發市場上的實質性波動。

Given the large notional value of $3.19 billion tied to these expiring options, the event is expected to have a significant impact on Bitcoin’s price. Recently, Bitcoin has managed to hold above the $100,000 level, and this expiration adds to the anticipation, especially as there has been rising speculation about Bitcoin being considered as a potential reserve asset by the U.S. government.

鑑於與這些到期選項相關的31.9億美元的名義價值，預計該活動將對比特幣的價格產生重大影響。最近，比特幣設法超過了100,000美元的水平，這種到期增加了預期，尤其是因為人們對比特幣被認為是美國政府將比特幣視為潛在的儲備資產的猜測。

Trump’s Executive Order: A Game-Changer for Bitcoin?

特朗普的行政命令：比特幣改變遊戲規則的人？

The timing of the options expiration is all the more crucial as it comes shortly after President Trump signed an executive order that creates a committee to assess the benefits of a national Bitcoin reserve. This move has created a ripple effect in the market, with investors closely following the potential implications of this policy shift. If the U.S. government were to create a national Bitcoin reserve, Bitcoin’s role as a reserve asset could gain significant legitimacy, potentially boosting demand for the digital currency.

期權到期的時機更為重要，因為特朗普總統簽署了一項行政命令，該命令成立了一個委員會來評估國家比特幣儲備金的好處。這一舉動在市場上產生了連鎖反應，投資者緊隨政策轉變的潛在影響。如果美國政府要創建國家比特幣儲備，那麼比特幣作為儲備資產的作用可能會獲得大量合法性，從而有可能提高對數字貨幣的需求。

Trump’s decision to approve the formation of this committee is seen as a step toward formalizing Bitcoin and other digital assets in the financial system. If the committee determines that a Bitcoin reserve would benefit the U.S. economy, it could drive substantial institutional and government interest in Bitcoin, further solidifying its place in global financial markets. This potential government backing could, in turn, lead to increased demand for Bitcoin, pushing its price even higher in the coming months.

特朗普批准該委員會成立的決定被視為朝著金融體系中的比特幣和其他數字資產形式化的一步。如果委員會確定比特幣儲備將使美國經濟有益，則它可能會促進對比特幣的實質性機構和政府利益，從而進一步鞏固其在全球金融市場中的地位。反過來，這種潛在的政府支持可能會導致對比特幣的需求增加，從而在未來幾個月推動其價格提高。

Bitcoin Market Volume Surges Amid Policy Shifts

在政策變化的情況下，比特幣市場量激增

Despite recent fluctuations in Bitcoin’s price, Bitcoin derivatives trading is seeing significant activity. According to data from CoinGlass, the volume of Bitcoin options has surged by 58.50%, reaching a new high of $4.76 billion. However, open interest in Bitcoin options, which measures the total value of outstanding contracts, has decreased by 4.92% to $37.09 billion. This suggests that some traders are closing their positions as they wait for more clarity on the market’s direction.

儘管比特幣的價格最近發生了波動，但比特幣衍生品交易仍在看到大量活動。根據Coinglass的數據，比特幣期權的數量飆升了58.50％，達到47.6億美元的新高點。但是，衡量未償還合約的總價值的比特幣期權的開放利息已下降4.92％，至370.9億美元。這表明一些交易者在等待更清楚市場方向時正在關閉自己的立場。

Even with this decrease in open interest, the overall trading volume in derivatives has soared by 132.35%, reaching $187.02 billion. This indicates that, while some traders are taking profits, others are betting on Bitcoin’s continued growth, especially in light of Trump’s executive order and the broader market trends.

即使開放利息下降，衍生品的總體交易量也飆升了132.35％，達到1.870億美元。這表明，儘管有些交易者正在獲利，但另一些交易者正在押注比特幣的持續增長，尤其是鑑於特朗普的行政命令和更廣泛的市場趨勢。

Ethereum Options Market Sees Increased Speculation

以太坊期權市場看到猜測增加

It’s not just Bitcoin that’s seeing increased market activity—Ethereum (ETH) options are also experiencing a rise in trading volume. Greeks.live reports that 174,000 Ethereum options contracts expired today, with a put-call ratio of 0.47 and a maximum pain point at $3,300. The total notional value of these Ethereum contracts is $580 million, and options volume has increased by 38.06%, reaching $1.21 billion.

不僅是比特幣，市場活動增加了 - 埃里姆（ETH）期權也正在貿易量增加。希臘語。Live報告說，今天有174,000個以太坊期權合同今天到期，其比率為0.47，最大疼痛點為3,300美元。這些以太坊合同的總名稱價值為5.8億美元，期權量增加了38.06％，達到12.1億美元。

Despite a 5.92% decline in open interest for Ethereum options, which now stands at $8.10 billion, the broader Ethereum derivatives market remains active. Ethereum’s total trading volume has risen by 89.40% to $54.30 billion, showing that speculation surrounding the cryptocurrency remains strong.

儘管以太坊期權的開放利息下降了5.92％，現在的以太坊期權為811億美元，但更廣泛的以太坊衍生品市場仍然活躍。以太坊的總交易量增長了89.40％，達到5430億美元，這表明圍繞加密貨幣的投機仍然很強。

Macro Events and Their Impact on Crypto Markets

宏事件及其對加密貨幣市場的影響

Macroeconomic events are also influencing the cryptocurrency markets. Greeks.live points out that central banks, like the Bank of Japan, are adjusting their interest rates, which could impact investor sentiment. Meanwhile, the Federal Reserve is expected to maintain its current stance on interest rates, with no immediate cuts anticipated. These moves by traditional financial institutions could play a role in shaping crypto market trends as investors adjust their strategies accordingly.

宏觀經濟事件也影響了加密貨幣市場。希臘語。Live指出，像日本銀行一樣，中央銀行正在調整其利率，這可能會影響投資者的情緒。同時，預計美聯儲將維持其目前的利率立場，預計不會立即削減。傳統金融機構採取的這些舉動可能在塑造加密市場趨勢方面發揮作用，因為投資者相應地調整了他們的策略。

Additionally, market participants are keeping a close watch on potential changes

此外，市場參與者正在密切關注潛在的變化