比特币（BTC）和以太坊（ETH）选项今天到期：波动的支撑

随着时钟的滴答降低到超过23亿美元的比特币（BTC）和以太坊（ETH）期权的到期，加密货币市场正在支撑潜在的波动性。

The cryptocurrency market is bracing for potential volatility as the clock ticks down to the expiry of over $2.3 billion in combined Bitcoin (BTC) and Ethereum (ETH) options. Today, $2.02 billion in Bitcoin options and $280 million in Ethereum options are set to expire.

加密货币市场正在实现潜在的波动性，因为时钟降至超过23亿美元的比特币（BTC）和以太坊（ETH）选项的到期。如今，有20.2亿美元的比特币期权和2.8亿美元的以太坊期权将到期。

Historically, such expirations have acted as major catalysts for sudden price movements. Additionally, Open Interest is climbing and smart money sentiment has turned positive for Bitcoin, whereas, Ethereum is facing significant sell pressure with large "whales" pulling out of the market.

从历史上看，这种到期一直是突然价格变动的主要催化剂。此外，开放的兴趣是攀登，聪明的钱情绪对比特币产生了积极的态度，而以太坊正面临着巨大的卖出压力，而大型“鲸鱼”正在脱离市场。

Bitcoin Shows a Clearer Bullish Bias Ahead of Expiry

比特币在到期之前显示出更明显的看涨偏见

Bitcoin is showcasing a clear bullish bias as it heads into the options expiry today. Open Interest, which measures the total number of outstanding derivative contracts, has been climbing steadily throughout the year. This suggests growing confidence and increasing interest from traders, many of whom are positioning for a potential price surge.

比特币正在展示明显的看涨偏见，因为它进入了今天的期权到期。衡量未偿还衍生合同总数的开放兴趣在全年都在稳步攀升。这表明，交易者的信心日益增强和兴趣不断提高，其中许多人正在定位潜在的价格上涨。

More importantly, smart money sentiment has turned positive, indicating that institutional investors and sophisticated traders are likely betting on upward price movement. This is a significant development, as smart money sentiment is often a good predictor of institutional trends.

更重要的是，聪明的钱情绪变成了积极的态度，这表明机构投资者和成熟的交易者可能会押注向上的价格变动。这是一个重大的发展，因为聪明的钱情绪通常是对机构趋势的良好预测指标。

In recent weeks, Bitcoin has experienced a steady buildup of bullish momentum, and the options expiry could serve as the trigger for a price breakout if the market maintains its current strength. However, with such a large volume of options expiring and many traders looking to protect their capital or capitalize on potential gains, the risk of sudden price swings is elevated.

最近几周，比特币经历了看涨势头的稳定积累，如果市场保持当前的实力，则期权可能会触发价格突破的触发因素。但是，随着大量期权到期，许多寻求保护其资本或利用潜在收益的交易者，突然价格波动的风险被升高。

On the other hand, Ethereum is facing a different set of challenges. Whale inflows into the Ethereum market are showing signs of increasing sell pressure, as large holders are pulling out of the asset. Along with this, sentiment indicators for Ethereum are skewing sharply bearish. This shift in sentiment suggests that both institutional and retail traders are expecting a downtrend in ETH’s price.

另一方面，以太坊正面临着不同的挑战。进入以太坊市场的鲸鱼流入显示出卖出压力增加的迹象，因为大型持有人正在退出资产。随之而来的是，以太坊的情感指标偏向于看跌。这种情绪的转变表明，机构和零售交易者都期望ETH的价格下降。

The combination of whale activity and negative sentiment could contribute to further selling pressure as Ethereum approaches the expiry of $280 million in options. This bearish outlook is further compounded by the overall market conditions, which remain volatile due to the expiry events across both BTC and ETH.

随着以太坊接近2.8亿美元期权的到期，鲸鱼活动和负面情绪的结合可能会导致进一步的销售压力。这种看跌的前景进一步加剧了整个市场状况，由于BTC和ETH的到期事件，这种前景仍然动荡。

Both Bitcoin and Ethereum options expiries have historically led to heightened volatility and price swings. These expirations represent a massive amount of open contracts that need to be settled, and traders often adjust their positions in anticipation of the outcome. The result can be sharp movements in both directions as market participants look to protect their positions or realize profits.

比特币和以太坊期权的到期都导致波动和价格波动的提高。这些到期代表了需要解决的大量开放合同，而交易者通常会在预期结果中调整其头寸。由于市场参与者寻求保护自己的地位或实现利润，因此结果可以是两个方向上的急剧动作。

The current situation, with Bitcoin’s rising Open Interest and positive sentiment clashing with Ethereum’s bearish outlook and large outflows, presents a unique scenario for both assets. Traders are aggressively repositioning themselves, trying to balance the risks of volatile price swings with the opportunity to maximize their returns. This high-stakes environment, combined with the looming expiry events, suggests that today’s trading session could be pivotal for both Bitcoin and Ethereum.

当前的情况是，比特币与以太坊的看跌前景和大量流出的兴趣不断上升，并为这两个资产提供了独特的情况。交易者正在积极地重新定位自己，试图平衡波动价格波动的风险，并有机会最大化其回报。这种高风险的环境以及迫在眉睫的到期活动表明，今天的交易会议对于比特币和以太坊都可能是关键的。

As the expiry events approach, both BTC and ETH are likely to experience heightened intraday risk. The potential for sudden price movements is particularly high given the significant divergence in Open Interest and sentiment indicators for both cryptocurrencies. Traders who are caught on the wrong side of these moves may find themselves exposed to sudden and sharp losses, adding another layer of unpredictability to the markets.

随着到期事件的临近，BTC和ETH都可能会出现日内风险的加剧。鉴于两种加密货币的开放兴趣和情感指标的显着差异，突然的价格变动的潜力尤其很高。陷入这些举动的错误方面的交易者可能会发现自己遭受了突然而急剧的损失，为市场增加了另一层不可预测性。

With the expiration of such a large volume of options contracts, both Bitcoin and Ethereum are at the mercy of volatile price action in the short term. While Bitcoin shows signs of bullishness, Ethereum’s bearish sentiment suggests that caution is warranted for ETH traders. As the options expiry unfolds, the markets could see drastic fluctuations in both directions.

随着如此众多的期权合约的到期，比特币和以太坊在短期内都受到波动价格行动的摆布。尽管比特币表现出看涨的迹象，但以太坊的看跌感情表明，对ETH商人有必要谨慎。随着期权到期的发展，市场可能会在两个方向上看到急剧波动。