比特币和以太坊选项过期，使总计27亿美元的开放兴趣结束

今天早上，贸易商正在密切关注，因为比特币和以太坊期权总计27亿美元在UTC到期。现在尘埃落定

A large sum of Bitcoin and Ethereum options, to the tune of $2.7 billion, expired at 8 AM UTC today. As this event unfolded, both crypto behemoths experienced a slight downturn in their market value.

当今UTC上午8点，大量的比特币和以太坊选择量为27亿美元。随着这一事件的展开，两个加密庞然大物的市场价值略有下滑。

Bitcoin options, valued at $2.09 billion, reached their expiry, while Ethereum options, totalling $624 million in notional value, also came to a close. The concept of "max pain price," denoting the price level at which option holders face the greatest financial loss, is a crucial element in anticipating price action following such events.

价值为20.9亿美元的比特币期权达到了到期，而以太坊的选项总数为6.24亿美元，名义价值也达到了尾声。 “最大痛苦价格”的概念，表示期权持有人面临最大财务损失的价格水平，是预期此类事件后价格行动的关键因素。

What Was the Immediate Price Reaction to Today’s Options Expiry?

当今期权到期的立即价格反应是什么？

For Bitcoin, the max pain price stood at $98,000, whereas for Ethereum, it was $3,700. Notably, a substantial portion of these expiring contracts were associated with Deribit, a leading cryptocurrency options exchange.

对于比特币而言，最大痛苦价格为98,000美元，而对于以太坊的价格为3,700美元。值得注意的是，这些到期合同的很大一部分与领先的加密货币期权交易所Deribit有关。

On Deribit, Bitcoin options amounting to $1.83 billion in notional value expired, accompanied by a put/call ratio of 0.85 and a max pain price of $85,000. For Ethereum, the exchange held $259 million in notional value, with a put/call ratio of 0.60 and a max pain price of $2,000.

在deribit上，比特币期权的名义价值为18.3亿美元，伴随着0.85的PUT/CALL/CALL率和85,000美元的最高疼痛价格。对于以太坊而言，交易所拥有2.59亿美元的名义价值，预计率为0.60，最大疼痛价格为2,000美元。

🚨 Options Expiry Alert! 🚨At 08:00 UTC tomorrow, ~$2.09B in crypto options are set to expire.$BTC: $1.83B notional | Put/Call: 0.85 | Max Pain: $85K $ETH: $259M notional | Put/Call: 0.60 | Max Pain: $2KWill we see a volatility squeeze or a slow unwind? Stay ahead with… pic.twitter.com/lJLMwAvioP

🚨选项到期警报！ 🚨AT08:00 UTC明天，〜$ 2.09B的加密货币选项将到期。$ BTC：$ 1.83B名义| put/呼叫：0.85 |最大痛苦：$ 85K $ ETH：2.59亿美元的名义| put/呼叫：0.60 |最大痛苦：$ 2kwill我们看到波动性挤压还是缓慢的放松？保持……pic.twitter.com/ljlmwaviop

How Did Deribit Influence the Options Expiry Outcome?

deribit如何影响期权到期结果？

The lower put/call ratio observed for Ethereum suggested a stronger bullish sentiment compared to Bitcoin leading into the expiry. However, the overall market conditions have resulted in price decreases for both assets.

观察到的以太坊的较低的呼叫比率表明，与导致到期的比特币相比，比特币具有更强的看涨情绪。但是，总体市场状况已导致两种资产的价格下降。

Looking at Bitcoin’s technical indicators, the Bollinger Bands had suggested potential volatility, with the upper and lower bands showing a tightening pattern. While the max pain price for Bitcoin was significantly higher than its current trading price, the expiry event has contributed to a downward pressure.

查看比特币的技术指标，布林乐队提出了潜在的波动性，上下频带显示出紧绷的图案。虽然比特币的最大痛苦价格明显高于目前的交易价格，但到期的事件导致了向下压力。

However, should the price of Bitcoin dip below the lower band of the Bollinger Bands, the support level at $85,000 may be tested, which aligns with Deribit’s max pain level.

但是，如果比特币的价格低于布林乐队的下部频段以下，则可以测试支撑水平为85,000美元，这与deribit的最大疼痛水平保持一致。

Ethereum’s Fibonacci retracement levels indicated that if Ethereum could maintain its momentum above the $3,700 level (the max pain price), the next significant resistance would align with the 1.618 Fibonacci extension, found around $2021.20. However, the expiry has seen Ethereum trade below this level.

以太坊的斐波那契反回率水平表明，如果以太坊可以将其势头保持在3,700美元以上（最大疼痛价格），则下一个明显的阻力将与1.618斐波那契扩展一致，发现约为2021.20美元。但是，到期的以太坊贸易低于此水平。

According to data from CoinMarketCap, Bitcoin is currently trading under $84,000, reflecting a 2.13% decrease over the past 24 hours. Meanwhile, Ether (ETH) trades around $1,950, showing a 2.05% decline during the same period.

根据CoinMarketCap的数据，比特币目前的交易价格低于84,000美元，反映了过去24小时的2.13％。同时，Ether（Eth）的交易约为1,950美元，显示同期下降2.05％。

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