比特币 (BTC) 市场趋势表明，当选总统唐纳德·特朗普 (Donald Trump) 1 月 20 日就职后，比特币价格将创下历史新高

周六，加密货币交易所 Deribit 的一名交易员花费超过 600 万美元购买了将于 3 月 28 日到期的 10 万美元的行使价看涨期权

Bitcoin (BTC) price action may be setting up for another leg up after President-elect Donald Trump’s inauguration on Jan. 20, judging by the latest derivatives data.

从最新的衍生品数据来看，当选总统唐纳德·特朗普 (Donald Trump) 于 1 月 20 日就职后，比特币 (BTC) 的价格走势可能会再次上涨。

On Saturday, an unknown trader spent over $6 million to buy the $100,000 strike call options set to expire on March 28, data from crypto derivatives data source Amberdata shows.

加密货币衍生品数据源 Amberdata 的数据显示，周六，一位不知名的交易员花费了超过 600 万美元购买了将于 3 月 28 日到期的 10 万美元的执行看涨期权。

"This trade anticipates that new highs for bitcoin will be broken just a few months after Trump officially takes office," Amberdata noted on Friday.

Amberdata 周五指出：“这项交易预计，特朗普正式上任几个月后，比特币将突破新高。”

Traders are also net buyers at the $120,000 strike, indicating a strong anticipation of a rally pushing prices above that level. The $120,000 call is the most popular option on Deribit, boasting a notional open interest of $1.52 billion at press time.

交易员在 120,000 美元的罢工价处也是净买家，这表明他们强烈预期价格将上涨至该水平之上。 120,000 美元的看涨期权是 Deribit 上最受欢迎的期权，截至发稿时名义未平仓合约为 15.2 亿美元。

A call option gives the buyer the option to buy the underlying asset at a specific price later in time. A call buyer is implicitly bullish on the market, looking to make asymmetric gains from an expected price rally.

看涨期权让买方可以选择稍后以特定价格购买标的资产。看涨期权买家隐含地看好市场，希望从预期的价格上涨中获得不对称的收益。

The renewed interest in the call options comes as BTC looks to regain the $100,000 handle. At press time, the leading cryptocurrency by market value trades above $99,500, marking an 8% recovery from the Dec. 30 low of $91,384, according to data from CoinDesk and TradingView.

随着 BTC 寻求重回 10 万美元关口，人们对看涨期权的兴趣重新燃起。根据 CoinDesk 和 TradingView 的数据，截至发稿时，市值领先的加密货币交易价格超过 99,500 美元，较 12 月 30 日低点 91,384 美元回升 8%。

"The inauguration and right after will be a prime-time for bullish announcements and policies that could be bullish catalysts for bitcoin to move higher," Greg Magadini, director of derivatives at Amberdata, noted in a weekly newsletter.

Amberdata 衍生品总监格雷格·马加迪尼 (Greg Magadini) 在每周通讯中指出：“就职典礼及其后将是看涨公告和政策的黄金时段，这些公告和政策可能成为比特币走高的看涨催化剂。”

CF Benchmarks, a regulated cryptocurrency index provider, voiced a similar opinion, adding that potential delays in policy development, if any, could temper the bullish mood.

受监管的加密货币指数提供商CF Benchmarks也表达了类似的观点，并补充说，政策制定的潜在延迟（如果有的话）可能会缓和看涨情绪。

"A restructured SEC under pro-cryptocurrency leadership may reduce enforcement risks and foster innovation. These changes, coupled with streamlined compliance requirements, could enhance investor confidence," CF Benchmarks noted in an annual report shared with CoinDesk.

CF Benchmarks 在与 CoinDesk 分享的年度报告中指出：“在支持加密货币的领导下，重组后的 SEC 可能会降低执法风险并促进创新。这些变化加上简化的合规要求，可以增强投资者的信心。”

"We believe that an industry framework will come, however, implementation delays or policy shifts may temper market optimism, creating short-term volatility," the firm added.

该公司补充道：“我们相信行业框架将会到来，然而，实施延迟或政策转变可能会削弱市场乐观情绪，造成短期波动。”

Expectations for pro-crypto regulatory changes have bolstered the crypto market sentiment since Donald Trump won the U.S. election in early November. BTC rose from roughly $70,000 to new lifetime highs above $108,000 weeks after the election. However, the rally lost steam in the second half of December, likely due to year-end profit-taking and hawkish Fed rate projections.

自 11 月初唐纳德·特朗普赢得美国大选以来，对支持加密货币监管变化的预期提振了加密货币市场情绪。大选后几周，比特币从约 70,000 美元上涨至 108,000 美元以上的历史新高。然而，涨势在 12 月下半月失去动力，可能是由于年底获利回吐和鹰派的美联储利率预测。