硬币指标研究显示，随着选举后比特币（BTC）交易达到前所未有的水平，看涨期权兴趣增加

Coin Metrics 最近的一份报告强调了选举后比特币 (BTC) 的交易达到了前所未有的水平，期权市场显示出投资者的强烈乐观情绪。

Bitcoin (BTC) options markets have seen unprecedented activity post-election, with the options market indicating strong investor optimism, according to a recent report by Coin Metrics.

根据 Coin Metrics 最近的一份报告，比特币 (BTC) 期权市场在选举后出现了前所未有的活跃，期权市场显示出投资者的强烈乐观情绪。

Coin Metrics Analysis Highlights Surging Call Option Interest

硬币指标分析凸显看涨期权兴趣激增

Coin Metrics’ analysis delves into bitcoin’s rally following the recent U.S. election, which was accompanied by unprecedented trading volumes and new all-time highs for BTC. The report notes that bitcoin’s price surged from $67,000, trading up to nearly $90,000 within days, fueled by a key metric in options markets.

Coin Metrics 的分析深入研究了最近美国大选后比特币的反弹，伴随着比特币前所未有的交易量和历史新高。报告指出，在期权市场一项关键指标的推动下，比特币的价格在几天之内从 67,000 美元飙升至近 90,000 美元。

This surging call option activity, especially at higher price levels, indicates a prevailing bullish sentiment. Analysts at Coin Metrics suggest that the dramatic rise in open interest aligns with increased confidence in bitcoin’s regulatory future, given the extensive campaign discourse around digital asset regulation.

看涨期权活动的激增，尤其是在价格较高的情况下，表明看涨情绪普遍存在。 Coin Metrics 的分析师表示，鉴于围绕数字资产监管的广泛竞选讨论，未平仓头寸的急剧上升与人们对比特币监管未来的信心增强是一致的。

The Coin Metrics study also examines implied volatility (IV) as a metric reflecting market sentiment. Analysts observed a spike in bitcoin’s implied volatility leading up to Election Day, reflecting the general market uncertainty, which then sharply declined once the election results were confirmed.

Coin Metrics 研究还考察了隐含波动率（IV）作为反映市场情绪的指标。分析师观察到，在选举日之前，比特币的隐含波动率大幅上升，反映出总体市场的不确定性，而一旦选举结果得到确认，隐含波动率就急剧下降。

This reduction in IV signaled a decrease in perceived risk, which Coin Metrics attributes to traders’ optimistic outlook on regulatory clarity following the election. The report suggests that the temporary increase in IV and subsequent drop mirrors the market’s broader sentiment shifts as election results unfolded.

IV 的下降标志着感知风险的下降，Coin Metrics 将其归因于交易者对选举后监管清晰度的乐观前景。该报告表明，IV 的暂时上升和随后的下降反映了随着选举结果的公布，市场更广泛的情绪变化。

Options market data in the Coin Metrics report shows a distinct skew toward call options expiring over the next several months at strike prices between $90,000 and $120,000. This positioning, according to Coin Metrics researchers, suggests that options traders expect bitcoin to appreciate further in the medium term.

Coin Metrics 报告中的期权市场数据显示，未来几个月到期的看涨期权明显偏向于执行价格在 90,000 美元至 120,000 美元之间的看涨期权。 Coin Metrics 研究人员表示，这种定位表明期权交易者预计比特币在中期内将进一步升值。

Elevated call option interest in this price range reflects a significant shift toward bullishness among traders, reinforcing the view that participants are preparing for potential upward price movements in the coming months. Coin Metrics’ report concludes that the recent election’s impact on bitcoin markets is likely twofold: an immediate response to perceived regulatory clarity and a sustained bullish outlook as traders position for future price increases.

该价格范围内看涨期权兴趣的上升反映出交易者的看涨情绪发生了重大转变，强化了参与者正在为未来几个月潜在的价格上涨做好准备的观点。 Coin Metrics 的报告得出的结论是，最近的选举对比特币市场的影响可能是双重的：对监管明确性的立即反应，以及交易者对未来价格上涨的预期的持续看涨前景。

While enthusiasm around the election has fueled a price surge, analysts note that it remains to be seen if this momentum will hold. The options market data, however, suggests a

尽管围绕选举的热情推动了价格飙升，但分析师指出，这种势头能否持续还有待观察。然而，期权市场数据表明