比特币投资者等待以太坊 ETF 批准，探索新的交易策略

自 2024 年初以来，比特币的表现非常好，该币在 3 月份创下了历史新高，比最近一次减半提前了一个多月。

Bitcoin has had a very good run since the beginning of 2024, with the coin recording a new all-time high in March, more than a month ahead of the latest halving. The ETFs worked hard to boost the coin as well, and investors noticed immediately. Many have already started looking into where to buy btc more efficiently in order to consolidate their holdings.

自 2024 年初以来，比特币的表现非常好，该币在 3 月份创下了历史新高，比最近一次减半提前了一个多月。 ETF 也努力提振代币，投资者立即注意到了这一点。许多人已经开始考虑在哪里更有效地购买比特币，以巩固他们的持有量。

The general market sentiment has been increasingly optimistic ever since, and although the corrections have removed the gains and brought the price slightly lower than the 2021 all-time high of $69,000, the value has remained relatively stable overall. This is a good sign for investors, who are convinced that the prices will stay consistent, meaning that the gains will remain roughly the same.

此后，总体市场情绪日益乐观，尽管调整消除了涨幅并使价格略低于 2021 年的历史高点 69,000 美元，但整体价值保持相对稳定。这对投资者来说是一个好兆头，他们相信价格将保持一致，这意味着收益将保持大致相同。

However, there are some things that could put the market in jeopardy and lead to capital losses. One of them is the potential approval of the Ethereum ETFs. And although ETH is still far away from BTC in terms of market capitalization, it is the most powerful contender digital gold has to deal with.

然而，有些事情可能会使市场陷入危险并导致资本损失。其中之一是以太坊 ETF 的潜在批准。尽管从市值来看，ETH 与 BTC 相比还存在较大差距，但它却是数字黄金要面对的最有力的竞争者。

Ether ETFs

以太坊ETF

The exchange-traded funds have been hailed as fundamental game-changers of the crypto space due to their ability to attract a larger number of investors, including institutional and corporate traders that will naturally bring considerable amounts of capital into the system. Since the cryptocurrency market is often difficult to understand due to its reliance on novel technologies and frequent fluctuations, many investors are reluctant to join the ranks due to apprehension. After all, losing significant amounts of capital is not something that should be taken lightly.

交易所交易基金被誉为加密货币领域的根本性游戏规则改变者，因为它们能够吸引更多投资者，包括机构和企业交易者，这些投资者自然会为系统带来大量资金。由于加密货币市场依赖新技术且波动频繁，往往难以理解，许多投资者出于顾虑而不愿加入这一行列。毕竟，损失大量资金并不是一件可以掉以轻心的事情。

Bitcoin investors have been looking forward to an approval for years now, only to be met with frequent delays. But on January 10th, investors finally received the answer they had been waiting for, as Bitcoin-based ETFs were officially approved by the Securities and Exchange Commission. The impact of this approval was not immediate, but when it finally showed its full scope, many investors realized that they actually hadn’t been optimistic enough with their predictions. The growth rally was robust and substantial, and it impacted other cryptocurrencies as well.

多年来，比特币投资者一直期待获得批准，但却经常遭到延误。但1月10日，投资者终于得到了他们一直在等待的答案，基于比特币的ETF正式获得了美国证券交易委员会的批准。这项批准的影响并不是立竿见影的，但当它最终展现出其全部范围时，许多投资者意识到他们的预测实际上还不够乐观。增长强劲且实质性，也影响了其他加密货币。

Almost immediately after, investors also began discussing the possibility of an Ethereum ETF. According to the majority opinion, since the infrastructure was already in place and Bitcoin had already opened the gates, it should be much simpler for other digital assets. The prediction was that The Ethereum exchange-traded funds will be approved by May, and although that hasn’t yet come to pass, the first steps in that direction have already been undertaken.

几乎紧接着，投资者也开始讨论以太坊 ETF 的可能性。大多数人认为，既然基础设施已经就位，比特币也已经打开了大门，那么对于其他数字资产来说应该要简单得多。预测以太坊交易所交易基金将于五月获得批准，尽管尚未实现，但朝这个方向迈出的第一步已经采取。

Bitcoin ETFs

比特币ETF

So, how can Bitcoin investors protect their investment portfolios? An approval is likely to generate a lot of hype around the Ethereum ETFs, with the altcoin likely to dominate the market for a while, causing Bitcoin to retest previous support price levels. During such a time period, one of the best bets is market-neutral plays instead of big directional bets.

那么，比特币投资者如何保护自己的投资组合呢？批准可能会引发围绕以太坊 ETF 的大量炒作，而山寨币可能会在一段时间内主导市场，导致比特币重新测试之前的支撑价格水平。在这样的时期，最好的选择之一是市场中性的投资，而不是大方向的投资。

Since the beginning of the year, many investors have focused on perpetual futures markets and Bitcoin ETFs due to their relative security and stability.

今年以来，永续期货市场和比特币ETF因其相对安全性和稳定性而受到许多投资者的关注。

Right now, the Bitcoin bulls are doubling down on their long positions while the rates on futures exchanges soared to 20%. Contrarians, investors who are going directly against the predominant market patterns and sentiments by selling where others are buying and choosing to buy when the majority sells, are also becoming more common in the Bitcoin landscape. They are currently cashing in by collecting payment for shorting perpetuals, offsetting spot market risks at the same time.

目前，比特币多头正在加倍持有多头头寸，而期货交易所的利率则飙升至 20%。逆向投资者在比特币领域也变得越来越普遍，他们直接反对主要的市场模式和情绪，在其他人买入的地方卖出，并在大多数人卖出时选择买入。他们目前通过收取做空永续合约的费用来套现，同时抵消现货市场风险。

The covered strangle is another type of trading strategy that has been gaining traction with the user base recently. It involves a combination of an out-of-the-money covered call and another out-of-the-money short put. The latter is not covered because the cash is not held in reserve.

备兑宽跨式期权是另一种最近受到用户欢迎的交易策略。它涉及虚值备兑看涨期权和另一虚值空头看跌期权的组合。后者不包括在内，因为现金没有保留。

This strategy follows a bullish pattern and can offer some protection against extreme volatility. Selling the out-of-the-money call also deals with options that will expire in December, particularly the ones around the $50,000 and $100,000 levels. Both the downside buffer and the yield are close to 20%, depending on how Bitcoin finishes the current year.

该策略遵循看涨模式，可以针对极端波动提供一定的保护。卖出价外看涨期权还可以处理将于 12 月到期的期权，特别是 50,000 美元和 100,000 美元水平附近的期权。下行缓冲和收益率都接近 20%，具体取决于比特币今年的表现。

Anti-self-custody

反自我监管

Bitcoin maximalists, colloquially referred to as ‘maxis,’ consider Bitcoin to be the only cryptocurrency that will remain relevant in the future and believe that all altcoins are of inherently lesser value than digital gold. Their preferred ownership method is self-custody, which uses a digital wallet and allows the investor to be in complete control of their digital assets. However, analysts warn that this strategy is only appropriate for the most tech-savvy holders since roughly $27 billion, or more than 1% of BTC’s total market capitalization, has been drained so far from investors through scams, cyberattacks and other fraudulent digital exploits.

比特币最大化主义者（俗称“maxis”）认为比特币是唯一在未来仍然具有相关性的加密货币，并认为所有山寨币本质上都比数字黄金价值低。他们首选的所有权方法是自我托管，它使用数字钱包并允许投资者完全控制其数字资产。然而，分析师警告称，这一策略只适合最精通技术的持有者，因为迄今为止，大约 270 亿美元（即 BTC 总市值的 1% 以上）已通过诈骗、网络攻击和其他欺诈性数字漏洞从投资者手中流失。

As the Bitcoin market continues to expand and gain more customers, it’s essential to protect your coins and ensure you’re doing everything in your power to keep them secure. Using established platforms

随着比特币市场不断扩大并赢得更多客户，保护您的比特币并确保您尽一切努力确保其安全至关重要。使用已建立的平台