比特币 (BTC) 触及 109,000 美元以上的历史新高，将隐含和实际波动率推至 8 月高点

已实现波动率是比特币过去 30 天的历史价格波动。 Deribit 的比特币波动率指数 (BVOL) 触及 67。比特币 Volmex 隐含波动率指数 (BVIV) 触及 71 的高点。

Bitcoin (BTC) hit a record-high above $109,000 on Monday, fueled by expectations of a strategic bitcoin reserve announcement by President-elect Donald Trump.

受当选总统唐纳德·特朗普宣布战略性比特币储备的预期推动，比特币 (BTC) 周一触及 109,000 美元以上的历史新高。

The record-breaking rally was accompanied by a surge in both implied volatility and realized volatility, reaching their highest levels since August's yen carry trade unwind, according to traders and market data.

交易员和市场数据显示，创纪录的涨势伴随着隐含波动率和实际波动率的飙升，达到自 8 月份日元套利交易平仓以来的最高水平。

Realized volatility, measured by the historical price fluctuations of bitcoin over the past 30 days, hit 67 on the Bitcoin Volatility Index (BVOL) on Deribit. Meanwhile, the Bitcoin Volmex Implied Volatility index (BVIV) reached a high of 71. Implied volatility, derived from options pricing, gauges the market's expectation for future price fluctuations. Both indexes were up about 2% on the day.

Deribit 上的比特币波动率指数 (BVOL) 的实际波动率（以过去 30 天的比特币历史价格波动来衡量）达到了 67。与此同时，比特币 Volmex 隐含波动率指数 (BVIV) 达到 71 的高点。隐含波动率源自期权定价，衡量市场对未来价格波动的预期。当天，两个指数均上涨约 2%。

"The positive correlation between bitcoin's price and implied volatility remains intact. It’s a sign traders are chasing options, particularly calls, as risk reversals show calls are trading at a premium relative to puts that offer downside protection," said Omkar Godbole, a markets analyst and managing editor of markets at CoinDesk.

市场分析师 Omkar Godbole 表示：“比特币价格与隐含波动率之间的正相关性仍然完好无损。这表明交易者正在追逐期权，尤其是看涨期权，因为风险逆转表明，看涨期权的交易价格相对于提供下行保护的看跌期权而言溢价。”兼 CoinDesk 市场总编辑。

In a further indication of bullish sentiment, shorter-duration calls are priced higher than longer-duration ones, a rare occurrence in the bitcoin options market. "This is a sign of strong short-term bullish sentiment," said Andre Dragosch, European head of research at Bitwise.

短期看涨期权的价格高于长期看涨期权的价格，这在比特币期权市场上很少见，这进一步表明了看涨情绪。 Bitwise 欧洲研究主管 Andre Dragosch 表示：“这是短期看涨情绪强劲的迹象。”

Moreover, open interest in options has increased by 44,000 BTC, reflecting heightened speculative activity, Dragosch added.

Dragosch 补充道，此外，期权未平仓合约增加了 44,000 BTC，反映出投机活动加剧。