川普推動美國建立加密貨幣友善的環境，包括國家比特幣儲備

交易員將共和黨加密貨幣啦啦隊帶來的部分利潤存入銀行，並等待觀察擬議的儲備金是否可行。

People are waiting to see if Trump will follow through on his promise to create a crypto-friendly environment in the U.S. Some traders are banking some of the profits sparked by the Republican’s crypto cheerleading.

人們正在等待川普是否會兌現他在美國創造一個加密貨幣友善環境的承諾。

Meanwhile, the crypto market is preparing for the expiry of a large quantity of Bitcoin and Ether options contracts on Friday — an event that could have a significant impact on the prices of the two digital assets.

與此同時，加密市場正在為週五大量比特幣和以太坊期權合約到期做準備——這一事件可能會對這兩種數位資產的價格產生重大影響。

According to prime broker FalconX, the options expiry is one of the biggest such events in the history of digital assets. The notional value of the Bitcoin contracts on the Deribit exchange — one of the largest for digital-asset derivatives — exceeds US$14 billion, while the equivalent figure for Ether is about US$3.8 billion.

據主要經紀商 FalconX 稱，期權到期是數位資產歷史上最大的此類事件之一。 Deribit 交易所（最大的數位資產衍生性商品交易所之一）上的比特幣合約名目價值超過 140 億美元，而以太幣的名目價值約為 38 億美元。

“This is a massive options expiry, and it's going to be interesting to see how the market reacts,” said Sean McNulty, director of trading at liquidity provider Arbelos Markets.

流動性提供商 Arbelos Markets 的交易總監 Sean McNulty 表示：“這是一次大規模的期權到期，市場的反應將會很有趣。”

“There's a lot of potential for volatility, especially if the prices of Bitcoin and Ether move sharply in either direction.”

“波動的可能性很大，特別是如果比特幣和以太坊的價格朝任一方向大幅波動的話。”

McNulty added that the options expiry could also lead to a “choppy market” as traders adjust their positions in response to the changing market conditions.

麥克納爾蒂補充說，期權到期還可能導致“市場波動”，因為交易者會根據不斷變化的市場狀況調整頭寸。

“If the prices of Bitcoin and Ether don't move much, we could see a relatively dull trading session,” he said.

「如果比特幣和以太幣的價格波動不大，我們可能會看到相對平淡的交易時段，」他說。

“But if the prices move quickly, it's going to be a wild ride.”

“但如果價格快速波動，那將是一場瘋狂的旅程。”

The options expiry is also likely to have an impact on the trading volumes of Bitcoin and Ether. According to data from CoinGecko, the average daily trading volume of Bitcoin is currently around US$30 billion, while the average daily trading volume of Ether is around US$10 billion.

期權到期也可能對比特幣和以太幣的交易量產生影響。根據CoinGecko的數據，目前比特幣日均交易量約為300億美元，而以太坊日均交易量約為100億美元。

However, these trading volumes are expected to increase significantly in the lead-up to the options expiry, as traders look to capitalize on any last-minute price movements.

然而，由於交易者希望利用最後一刻的價格變動，這些交易量預計將在選擇權到期前大幅增加。