随着鲸鱼进行看跌赌博

Deribit的Solana Sol代币的期权市场已经变得活跃，随着令牌价格继续下降，鲸鱼进行了看跌赌注

Solana (SOL) options traders are showing a strong preference for bearish bets as the token's price continues to slide ahead of an impending multi-billion dollar unlock.

Solana（Sol）期权交易员表现出对看跌赌注的强烈偏爱，因为代币的价格继续在即将达到数十亿美元的Unlock上下滑。

According to Amberdata, block trades totaling $32.39 million in notional SOL options value crossed the tape on Deribit last week. This represents nearly 25% of the total options activity of $130.74 million on the platform during the same period. The remaining activity, known as screen trades, were much lower at $98.35 million.

根据Amberdata的数据，Block交易总计3239万美元的名义SOL选项价值上周在Deribit上跨越了磁带。在同一时期，这占该平台上1.3074亿美元的总期权活动的近25％。其余的活动（称为屏幕交易）低得多，为9835万美元。

This marks the second-highest proportion of block trades to total activity on record. In the previous week, there were almost no block trades in SOL options on Deribit.

这标志着块交易中第二高的比例与记录的总活动。在上一周，deribit上的SOL选项几乎没有块交易。

A "block trade" in options refers to a significant, privately negotiated options transaction between two parties involving a large number of contracts. Such trades, typically associated with whale activity, are executed over-the-counter and outside the regular order book and then booked on the exchange, allowing for a minimal impact on the market prices.

期权中的“阻止贸易”是指涉及大量合同的两方之间的重要，私人协商的期权交易。这种交易通常与鲸鱼活动相关，是在常规订单簿中执行的，然后在交易所预订，从而对市场价格产生最小的影响。

Options are derivative contracts that give the purchaser the right but not the obligation to buy or sell the underlying asset, in this case, SOL, at a preset price on or before a specific date. A call option gives the right to buy, while a put option provides the right to sell. On Deribit, which accounts for over 85% of the global crypto options activity, one options contract represents 1 SOL.

期权是衍生合同，赋予购买者的权利，但没有义务以特定日期或之前的预设价格购买或出售基础资产。呼叫选项赋予购买权，而看跌期权则提供了出售权。在deribit上，占全球加密货币期权活动的85％以上，一个选项合同代表1 sol。

Last week's spike in SOL block trades featured a preference for put options, which traders use to hedge against or profit from a potential price slide.

上周在SOL Block交易中的高峰偏爱PUT选项，交易者用来对冲或从潜在价格下滑中获利。

"Nearly 80% of the block-trade volume was concentrated in put contracts. Compared to only 40% puts for BTC and 37.5% puts for ETH during the same timeframe," said Greg Magadini, director of derivatives at Amberdata.

Amberdata的衍生产品总监Greg Magadini说：“块贸易量的近80％集中在POT合同中。相比之下，在同一时间范围内，BTC仅有40％的投票权，而ETH的37.5％投票则为ETH。”

The whale demand for put options comes as SOL's outlook appears grim following the 46% price slide to $160 in just over five weeks. The activity on the Solana blockchain, which became a go-to-place for memecoin traders last year, peaked with the launch of the TRUMP token on Jan. 17, three days before Donald Trump was inaugurated as the President of the U.S.

鲸鱼对PUT选项的需求是因为Sol的前景在短短五周内的46％价格下跌至160美元之后显得严峻。去年，索拉纳区块链的活动成为了Memecoin交易员的一项活动，这是在1月17日的特朗普代币推出的三天前，在唐纳德·特朗普（Donald Trump）担任美国总统之前的三天达到顶峰。

Since then, the number of daily transactions on Solana and the cumulative daily volume on the Solana-based decentralized exchanges has declined significantly, according to data source Artemis. That has weakened the bullish case for SOL.

根据数据源Artemis的数据，从那时起，关于Solana的每日交易数量以及基于Solana的分散交易所的累积每日交易的数量已大大下降。这削弱了对SOL的看涨案件。

Plus, the impending SOL token unlock on Jan. 1 presents a significant headwind, per Deribit's Asia Business Development Head Lin Chen.

另外，根据Deribit的亚洲业务发展主管Lin Chen，即将来临的SOL令牌在1月1日解锁。

"Solana SOLUSD will have a major token unlock event on March 1, releasing 11.2 million SOL tokens, valued at approximately $2.07 billion. This represents 2.29% of the total supply. A significant portion of the unlock comes from the FTX estate and a foundation sale," said Chen.

“ Solana Solusd将于3月1日举行一次重大的令牌解锁活动，发布了1,120万个SOL令牌，价值约为20.7亿美元。这是总供应总额的2.29％。解锁的很大一部分来自FTX房地产和基金会销售。”陈说。

According to Deribit data, SOL options activity is also interesting with a lot of hedging flow observed in anticipation of the token unlock.

根据Deribit数据，SOL选项活动也很有趣，因为预期令牌解锁时观察到了许多对冲流。

"We can see that a large part of the tokens will flow into the market, and this volume of tokens is nearly 59% of SOL's daily spot trading volume. Hence, it's natural to see a lot of hedging flow in put options,” explained Chen.

“我们可以看到，代币的很大一部分将流入市场，这一卷代币占SOL每日现货交易量的近59％。因此，很自然地看到Prot Options中的大量对冲流。”陈。

"Many traders would also take this opportunity to long Vol[atility] to generate good yield," he added.

他补充说：“许多交易者还将借此机会（长期劳动）产生良好的收益率。”