加密貨幣市場即將結束這一年，比特幣和以太坊選擇權將大量到期，2025 年前景看漲

今天，創紀錄的 180 億美元期權到期，標誌著今年最後一次主要到期，其中比特幣 (BTC) 和以太坊 (ETH) 價值大幅上漲

A record $18 billion in crypto options expired on Friday, marking the last major expiry of the year in a largely benign market session due to the Christmas holiday.

創紀錄的 180 億美元加密貨幣選擇權於週五到期，這是今年聖誕節假期期間市場基本良性的最後一次主要到期。

The crypto market is closing out the year with significant Bitcoin and Ethereum options expirations and a bullish outlook heading into 2025.

加密貨幣市場即將迎來今年的尾聲，比特幣和以太幣選擇權即將到期，2025 年前景看好。

What Happened: A total of 150,000 Bitcoin (CRYPTO: BTC) options expired on Friday, with a staggering notional value of $14.17 billion.

發生了什麼事：共有 15 萬個比特幣 (CRYPTO: BTC) 選擇權於週五到期，名義價值高達 141.7 億美元。

These contracts expired with a Put-Call Ratio of 0.69, indicating that more call options were traded relative to put options.

這些合約到期時看跌期權與看漲期權比率為 0.69，這表明相對於看跌期權，看漲期權的交易量更多。

This imbalance suggests that investors are leaning toward a bullish market outlook.

這種不平衡顯示投資者傾向於看漲市場前景。

Options traders typically buy call options in anticipation of an uptrend and put options to hedge against a downturn.

選擇權交易者通常會在預期上漲趨勢時買入看漲期權，並在對沖下跌趨勢時買入看跌期權。

A total of 1.12 million Ethereum (CRYPTO: ETH) options expired on Friday, with a notional value of $3.74 billion.

週五共有 112 萬份以太坊（CRYPTO：ETH）選擇權到期，名義價值為 37.4 億美元。

Bitcoin was trading at $96,329 at the time of expiry, up by 0.7% over the past day and nearly 10% over the past week.

到期時比特幣交易價格為 96,329 美元，過去一天上漲 0.7%，過去一週上漲近 10%。

ETH was trading at $3,387, up by less than 1% over the past day and nearly 3% over the past week.

ETH 交易價格為 3,387 美元，過去一天上漲不到 1%，過去一周上漲近 3%。

The apex cryptocurrency, Bitcoin, realized a strong rally in 2024, with its price more than doubling this year. BTC began trading in 2024 at around $42,000 and crossed the $108,000 mark by December. This translates to a one-year gain of over 120%.

頂級加密貨幣比特幣在 2024 年實現了強勁反彈，今年價格上漲了一倍多。 BTC 於 2024 年開始交易，價格約為 42,000 美元，並於 12 月突破 108,000 美元大關。這意味著一年的漲幅超過 120%。

Bitcoin's late-year rally since around November set a bullish tone for the broader crypto market, also benefitting others like Ethereum.

比特幣自 11 月左右以來的年末反彈為更廣泛的加密市場奠定了看漲基調，也有利於以太坊等其他市場。

This month, ETH also crossed the $4,100-mark, setting a fresh year-high.

本月，ETH 也突破了 4,100 美元大關，創下了年內新高。

These performances by the market leaders have lifted sentiment, with investors and analysts expressing optimism about the trajectory for 2025.

市場領導者的這些表現提振了市場情緒，投資者和分析師對 2025 年的發展軌跡表示樂觀。

Crypto enthusiasts expect the return of Donald Trump to the White House next month to usher in what many consider to be the most crypto-friendly presidency in U.S. history.

加密貨幣愛好者預計唐納德·川普下個月重返白宮，迎來許多人認為是美國歷史上對加密貨幣最友好的總統任期。

This is expected to boost crypto market sentiment further.

預計將進一步提振加密貨幣市場情緒。

Moreover, market commentators believe prominent crypto advocates like Elon Musk will have more energy to promote crypto innovation under the incoming Trump administration.

此外，市場評論員認為，在即將上任的川普政府的領導下，馬斯克等著名的加密貨幣倡導者將有更多的精力來促進加密貨幣創新。

Other key drivers of growth for 2025 that market participants have highlighted include the increasing adoption of cryptocurrency by governments and major corporations.

市場參與者強調的 2025 年成長的其他關鍵驅動因素包括政府和大公司越來越多地採用加密貨幣。

The U.S. government and corporations like MicroStrategy (NASDAQ:MSTR) are expected to continue stockpiling Bitcoin as a reserve asset, which could catalyze a long-term price surge.

美國政府和 MicroStrategy（納斯達克股票代碼：MSTR）等企業預計將繼續儲備比特幣作為儲備資產，這可能會促進長期價格飆升。

With this promising outlook, experts have projected even a $200,000 price level as being conservative for Bitcoin in 2025.

考慮到這一前景，專家預計 2025 年比特幣的價格水準即使是 20 萬美元也算保守。