比特幣公牛的眼睛選項到期：BTC會達到$ 106K還是翻滾？

比特幣公牛正在為每月200億美元的期權到期。他們會保持超過106,000美元以上的勢頭，還是將降低價格？

Bitcoin Bulls Eye Options Expiry: Will BTC Hit $106K or Tumble?

比特幣公牛的眼睛選項到期：BTC會達到$ 106K還是翻滾？

Bitcoin's upcoming $20 billion monthly options expiry on June 27th has traders on high alert. After a recent price recovery, can the bulls solidify support and aim for new highs, or will the bears seize control?

比特幣即將在6月27日舉行的200億美元期權期權到期，使交易者處於高警覺狀態。經過最近的價格恢復，公牛可以鞏固支持並瞄準新的高點，還是熊隊奪取控制權？

The Bullish Setup

看漲的設置

Currently, call options outweigh put options ($11.2 billion vs. $8.8 billion), giving bulls a distinct advantage. A significant portion of put options have strike prices at $101,000 or lower, further bolstering the bullish sentiment.

目前，呼叫選項超過了看跌期權（112億美元，而88億美元），使公牛隊具有明顯的優勢。大部分的看漲期權的罷工價格為101,000美元或更低，進一步加強了看漲的情緒。

Powell's Dovish Tone and Market Sentiment

鮑威爾的骯髒語氣和市場情緒

Federal Reserve Chair Jerome Powell's recent comments about potential interest rate cuts have fueled optimism. Coupled with gains in the S&P 500, Bitcoin bulls believe investors may shift from short-term government bonds to riskier assets like BTC in search of higher returns.

美聯儲主席杰羅姆·鮑威爾（Jerome Powell）最近對潛在利率降低的評論激發了樂觀。加上標準普爾500指數的收益，比特幣公牛認為投資者可能會從短期政府債券轉移到像BTC這樣的風險較高的資產，以尋求更高的回報。

Probable Scenarios and Key Price Levels

可能的情況和關鍵價格水平

Here's a breakdown of potential outcomes based on price ranges:

這是基於價格範圍的潛在結果的細分：

• $100,000 - $101,500: Balanced result
• $101,500 - $102,500: Calls favored by $235 million
• $102,500 - $104,500: Calls favored by $750 million
• $104,500 - $106,000: Calls favored by $1.41 billion
• $106,000 - $108,000: Calls favored by $2.1 billion

The Bearish Counterattack

看跌反擊

For bears to minimize losses, they need to push Bitcoin below $101,500 by June 27th, a 5% decline from current levels. Increased uncertainty, potentially stemming from a drop in hashrate or geopolitical tensions, could aid their cause.

為了使熊最大程度地減少損失，他們需要在6月27日之前將比特幣提高到101,500美元以下，比目前的水平下降了5％。增加的不確定性增加，可能是由於哈希酸鹽或地緣政治緊張局勢的下降而可能導致的，這可能有助於其事業。

The ProCap Factor

程序因子

Anthony Pompliano’s ProCap BTC LLC is merging with Columbus Circle Capital Corp. I, aiming to become a publicly traded Bitcoin-focused treasury business. This move, backed by substantial committed capital, signals further institutional interest and potential bullish momentum for Bitcoin.

Anthony Pompliano的Procap BTC LLC與Columbus Circle Capital Corp. I合併。 I，旨在成為以公開交易的以比特幣為重點的財政業務。這一舉動以實質性的資本為支持，這表明比特幣的機構利益和潛在的看漲勢頭。

Options Expiry and Market Volatility

期權到期和市場波動

With a massive $14 billion in Bitcoin options contracts expiring on Deribit, expect heightened volatility. The “max pain” point sits at $102,000, where option buyers would suffer the most. Market flows suggest a neutral bias with a slight bullish tilt, with traders eyeing the $100K-$105K range.

由於deribit的大量$ 140億美元的比特幣期權合約預計波動性會增加。 “最大疼痛”點的價格為102,000美元，選擇購買者將遭受最大的痛苦。市場流動表明中性偏見略有傾斜，交易員著眼於$ 105K $ 105K。

Final Thoughts

最後的想法

So, will Bitcoin bulls maintain their grip, or will the bears crash the party? Only time will tell! Buckle up, folks, because it's gonna be a wild ride!

那麼，比特幣公牛會保持抓地力，還是熊會崩潰？只有時間會證明！伙計們，扣緊，因為這將是一個瘋狂的旅程！