比特币期权价值$ 3.2B今天到期，在美国储备资产猜测中，市场括号是波动的市场括号

在加密货币世界的重大发展中，总计约31.9亿美元的31000比特币（BTC）期权合约正在到期。

Major Development: 31,000 Bitcoin Options Contracts Expiring Today

主要开发：今天有31,000个比特币选项合同今天到期

In a key development for the cryptocurrency world, 31,000 Bitcoin (BTC) options contracts are expiring on January 24, which equates to roughly $3.19 billion worth of options. This event has garnered attention due to its potential impact on Bitcoin’s price trajectory, especially amid growing speculation about Bitcoin being considered as a reserve asset by the U.S. government. The timing of this options expiration is particularly significant as it follows former President Donald Trump’s executive order to establish a committee that will explore the feasibility of a national Bitcoin reserve.

在加密货币界的关键开发中，1月24日的31,000比特币（BTC）期权合约将到期，相当于价值约31.9亿美元的期权。由于其对比特币价格轨迹的潜在影响，尤其是在对比特币被美国政府视为储备资产的猜测中，该活动引起了人们的关注。此期权到期的时机尤为重要，因为它是前总统唐纳德·特朗普（Donald Trump）的行政命令成立一个委员会，该委员会将探讨国家比特币储备的可行性。

What Do These Expiring Bitcoin Options Mean?

这些到期的比特币选项意味着什么？

According to data from Greeks.live, a professional options trading platform, these expiring Bitcoin options have a put-call ratio of 0.48, with a maximum pain point at $100,000. The “maximum pain point” refers to the price at which the highest number of options contracts would expire worthless, resulting in the greatest losses for option holders. With $100,000 being a critical price level for Bitcoin options, the expiration of these contracts could trigger substantial volatility in the market.

根据Greeksss.live的数据，专业期权交易平台，这些到期的比特币选项的次数比例为0.48，最大疼痛点为100,000美元。 “最大疼痛点”是指最高的期权合同数量到期毫无价值的价格，从而造成期权持有人的最大损失。由于100,000美元是比特币期权的关键价格水平，因此这些合同的到期可能会引发市场上的实质性波动。

Given the large notional value of $3.19 billion tied to these expiring options, the event is expected to have a significant impact on Bitcoin’s price. Recently, Bitcoin has managed to hold above the $100,000 level, and this expiration adds to the anticipation, especially as there has been rising speculation about Bitcoin being considered as a potential reserve asset by the U.S. government.

鉴于与这些到期选项相关的31.9亿美元的名义价值，预计该活动将对比特币的价格产生重大影响。最近，比特币设法超过了100,000美元的水平，这种到期增加了预期，尤其是因为人们对比特币被认为是美国政府将比特币视为潜在的储备资产的猜测。

Trump’s Executive Order: A Game-Changer for Bitcoin?

特朗普的行政命令：比特币改变游戏规则的人？

The timing of the options expiration is all the more crucial as it comes shortly after President Trump signed an executive order that creates a committee to assess the benefits of a national Bitcoin reserve. This move has created a ripple effect in the market, with investors closely following the potential implications of this policy shift. If the U.S. government were to create a national Bitcoin reserve, Bitcoin’s role as a reserve asset could gain significant legitimacy, potentially boosting demand for the digital currency.

期权到期的时机更为重要，因为特朗普总统签署了一项行政命令，该命令成立了一个委员会来评估国家比特币储备金的好处。这一举动在市场上产生了连锁反应，投资者紧随政策转变的潜在影响。如果美国政府要创建国家比特币储备，那么比特币作为储备资产的作用可能会获得大量合法性，从而有可能提高对数字货币的需求。

Trump’s decision to approve the formation of this committee is seen as a step toward formalizing Bitcoin and other digital assets in the financial system. If the committee determines that a Bitcoin reserve would benefit the U.S. economy, it could drive substantial institutional and government interest in Bitcoin, further solidifying its place in global financial markets. This potential government backing could, in turn, lead to increased demand for Bitcoin, pushing its price even higher in the coming months.

特朗普批准该委员会成立的决定被视为朝着金融体系中的比特币和其他数字资产形式化的一步。如果委员会确定比特币储备将使美国经济有益，则它可能会促进对比特币的实质性机构和政府利益，从而进一步巩固其在全球金融市场中的地位。反过来，这种潜在的政府支持可能会导致对比特币的需求增加，从而在未来几个月推动其价格提高。

Bitcoin Market Volume Surges Amid Policy Shifts

在政策变化的情况下，比特币市场量激增

Despite recent fluctuations in Bitcoin’s price, Bitcoin derivatives trading is seeing significant activity. According to data from CoinGlass, the volume of Bitcoin options has surged by 58.50%, reaching a new high of $4.76 billion. However, open interest in Bitcoin options, which measures the total value of outstanding contracts, has decreased by 4.92% to $37.09 billion. This suggests that some traders are closing their positions as they wait for more clarity on the market’s direction.

尽管比特币的价格最近发生了波动，但比特币衍生品交易仍在看到大量活动。根据Coinglass的数据，比特币期权的数量飙升了58.50％，达到47.6亿美元的新高点。但是，衡量未偿还合约的总价值的比特币期权的开放利息已下降4.92％，至370.9亿美元。这表明一些交易者在等待更清楚市场方向时正在关闭自己的立场。

Even with this decrease in open interest, the overall trading volume in derivatives has soared by 132.35%, reaching $187.02 billion. This indicates that, while some traders are taking profits, others are betting on Bitcoin’s continued growth, especially in light of Trump’s executive order and the broader market trends.

即使开放利息下降，衍生品的总体交易量也飙升了132.35％，达到1.870亿美元。这表明，尽管有些交易者正在获利，但另一些交易者正在押注比特币的持续增长，尤其是鉴于特朗普的行政命令和更广泛的市场趋势。

Ethereum Options Market Sees Increased Speculation

以太坊期权市场看到猜测增加

It’s not just Bitcoin that’s seeing increased market activity—Ethereum (ETH) options are also experiencing a rise in trading volume. Greeks.live reports that 174,000 Ethereum options contracts expired today, with a put-call ratio of 0.47 and a maximum pain point at $3,300. The total notional value of these Ethereum contracts is $580 million, and options volume has increased by 38.06%, reaching $1.21 billion.

不仅是比特币，市场活动增加了 - 埃里姆（ETH）期权也正在贸易量增加。希腊语。Live报告说，今天有174,000个以太坊期权合同今天到期，其比率为0.47，最大疼痛点为3,300美元。这些以太坊合同的总名称价值为5.8亿美元，期权量增加了38.06％，达到12.1亿美元。

Despite a 5.92% decline in open interest for Ethereum options, which now stands at $8.10 billion, the broader Ethereum derivatives market remains active. Ethereum’s total trading volume has risen by 89.40% to $54.30 billion, showing that speculation surrounding the cryptocurrency remains strong.

尽管以太坊期权的开放利息下降了5.92％，现在的以太坊期权为811亿美元，但更广泛的以太坊衍生品市场仍然活跃。以太坊的总交易量增长了89.40％，达到5430亿美元，这表明围绕加密货币的投机仍然很强。

Macro Events and Their Impact on Crypto Markets

宏事件及其对加密货币市场的影响

Macroeconomic events are also influencing the cryptocurrency markets. Greeks.live points out that central banks, like the Bank of Japan, are adjusting their interest rates, which could impact investor sentiment. Meanwhile, the Federal Reserve is expected to maintain its current stance on interest rates, with no immediate cuts anticipated. These moves by traditional financial institutions could play a role in shaping crypto market trends as investors adjust their strategies accordingly.

宏观经济事件也影响了加密货币市场。希腊语。Live指出，像日本银行一样，中央银行正在调整其利率，这可能会影响投资者的情绪。同时，预计美联储将维持其目前的利率立场，预计不会立即削减。传统金融机构采取的这些举动可能在塑造加密市场趋势方面发挥作用，因为投资者相应地调整了他们的策略。

Additionally, market participants are keeping a close watch on potential changes

此外，市场参与者正在密切关注潜在的变化