加密貨幣衍生品市場可能會看到4月4日期權事件引起的一些波動性

加密貨幣衍生品市場可能會看到4月4日的期權事件與比特幣和以太坊在最前沿造成的波動。

The cryptocurrency derivatives market is gearing up for a significant event with the April 4 options expiry on both Bitcoin and Ethereum. According to options data on Chain Analytics, around 26,000 Bitcoin options, valued at roughly $2.02 billion, are set to expire.

加密貨幣衍生品市場正在為一項重大事件做好準備，而4月4日的選項對比特幣和以太坊都有效。根據鏈分析的期權數據，約有26,000個比特幣期權（價值約為20.2億美元）將到期。

At 1.24, the put/call ratio indicates that more traders were focused on protecting themselves from downside risk. The max pain price, where options buyers experience the greatest financial loss, is calculated at $84,000.

在1.24時，觀點/呼叫比率表明，越來越多的交易者專注於保護自己免受下行風險。最大痛苦價格，購買者經歷最大的財務損失，計算出84,000美元。

This max pain point is interesting as it closely aligns with the current trading range of Bitcoin, suggesting a convergence towards a crucial area of interest.

這個最大疼痛點很有趣，因為它與當前的比特幣交易範圍緊密相符，這表明與關鍵領域的融合。

As options expirations approach, prices often tend to move towards this level, which can cause a large buildup of volatility both before and after the event. In this case, the amount of $84,000 is highlighted as a possible short-term magnet, but the relatively balanced distribution of calls and puts also suggests uncertainty and a lack of significant directional bias.

隨著期權到期的臨近，價格通常傾向於朝著這一水平發展，這可能會在活動前後引起大量波動。在這種情況下，$ 84,000的數量被突出顯示為可能的短期磁鐵，但是呼叫和看台的相對平衡的分佈也表明了不確定性和缺乏明顯的方向偏見。

On the other hand, Ethereum is set to see a more substantial expiration event with over 220,000 ETH options expiring. In contrast to BTC, there is stronger bearish sentiment indicated by a Put/Call Ratio of 1.42. ETH's max pain level is set at $1,850, representing its roughly $400 million notional value.

另一方面，以太坊將看到一個更實質性的到期事件，超過220,000個ETH期權到期。與BTC相反，put/呼叫比率為1.42。 ETH的最大疼痛水平為1,850美元，代表其大約4億美元的名義價值。

The technical chart of Ethereum shows that it has been circling just above this area, which could suggest that the options market was correctly anticipating a range of consolidation.

以太坊的技術圖表表明，它已經在該區域上方盤旋，這可能表明期權市場正確預期了一系列的合併。

From a trading perspective, these expirations will eliminate speculative positions, decreasing open interest and potentially leading to more distinct market trends. Traders should monitor changes in volume and volatility closely after the expiration, especially if Bitcoin attempts to break through its short-term resistance at around $85,000.

從交易的角度來看，這些到期將消除投機職位，減少開放興趣，並可能導致更明顯的市場趨勢。貿易商應在到期後密切監視數量和波動性的變化，尤其是如果比特幣試圖突破其短期抵抗力，約為85,000美元左右。

Both Bitcoin and Ethereum appear to be stabilizing around their respective max pain points, which could indicate short-term consolidation while also setting the stage for the next directional move in the coming weeks.

比特幣和以太坊似乎都在各自的最大疼痛點穩定，這可能表明短期合併，同時也為接下來的幾週為下一個定向運動奠定了基礎。