分析师预测加密货币市场期权到期后将趋于稳定

今天，价值约 15.4 亿美元的比特币 (BTC) 和以太坊 (ETH) 期权即将到期，引发了巨大的预期

A substantial amount of Bitcoin (BTC) and Ethereum (ETH) options are expiring today, leading to anticipation in the crypto market.

大量比特币（BTC）和以太坊（ETH）期权今天即将到期，引发了加密市场的预期。

Expiring crypto options often result in significant price volatility, prompting traders and investors to monitor today’s developments closely.

到期的加密货币期权通常会导致价格大幅波动，促使交易者和投资者密切关注当今的事态发展。

According to data from Skew, expiring Bitcoin options have a notional value of $1.04 billion, with 18,339 contracts set to expire.

Skew 的数据显示，即将到期的比特币期权名义价值为 10.4 亿美元，其中有 18,339 份合约即将到期。

The contracts have a put-to-call ratio of 0.71 and a maximum pain point of $62,000.

这些合约的看跌期权与看涨期权比率为 0.71，最大痛点为 62,000 美元。

In options trading, the maximum pain point is the price level that causes maximum financial pain for option holders.

在期权交易中，最大的痛点是给期权持有者带来最大财务痛苦的价格水平。

The put-to-call ratio suggests a prevalence of purchase options (calls) over sales options (puts).

看跌期权与看涨期权比率表明购买期权（看涨期权）比销售期权（看跌期权）普遍存在。

On the other hand, Ethereum has 162,782 expiring contracts with a notional value of $501.12 million.

另一方面，以太坊有 162,782 个即将到期的合约，名义价值为 5.0112 亿美元。

These contracts have a put-to-call ratio of 0.37 and a max pain point of $3,350.

这些合约的看跌期权与看涨期权比率为 0.37，最大痛点为 3,350 美元。

According to analysts at Greeks.Live, the recent market sell-offs have led to heavy losses for crypto markets, with BTC falling to $57,000 and ETH to $3,100.

Greeks.Live 分析师表示，最近的市场抛售导致加密货币市场损失惨重，BTC 跌至 57,000 美元，ETH 跌至 3,100 美元。

The data also shows that BTC’s short-term implied volatility (IV) is up 10%.

数据还显示，BTC的短期隐含波动率（IV）上涨了10%。

Meanwhile, the Deribit Implied Volatility Index (DVOL) is up 3%, and ETH-related parameters are up slightly less than BTC.

与此同时，Deribit 隐含波动率指数（DVOL）上涨 3%，ETH 相关参数涨幅略小于 BTC。

Finally, skew values indicate a bearish market sentiment.

最后，偏斜值表明看跌的市场情绪。

“BTC Block put volume is clearly on the rise, the distribution of transactions is more complex, the July 12 58,000 Put is the largest one. Looking at Options Data, whales are not too worried about potential downside risk at the moment and are mainly in the process of adjusting their positions for last week’s quarterly delivery, especially for ETH, where whales are showing low volatility expectations,” the Greeks.Live analysts said.

“BTC Block看跌期权数量明显上升，交易分布较为复杂，7月12日的5.8万份看跌期权是最大的一笔。从期权数据来看，鲸鱼目前并不太担心潜在的下行风险，主要是在为上周的季度交割调整仓位，尤其是 ETH，鲸鱼表现出较低的波动性预期。”分析师表示。

Both Bitcoin and Ethereum prices have dropped significantly this week.

本周比特币和以太坊价格均大幅下跌。

On July 4, BTC plummeted from the $60,000 level to reach as low as $56,964 today.

7 月 4 日，BTC 从 60,000 美元的水平暴跌至今天的 56,964 美元。

At the time of writing, Bitcoin is trading at $57,037.

截至撰写本文时，比特币交易价格为 57,037 美元。

Similarly, Ethereum plummeted from $3,304 to $3,060 over the same period.

同样，以太坊同期从 3,304 美元暴跌至 3,060 美元。

ETH is now valued at $3,083, down by 3.4% in the last 24 hours.

ETH 目前价格为 3,083 美元，过去 24 小时内下跌 3.4%。

Industry experts attribute the recent decrease in BTC and ETH prices to heightened sell-offs from long-term whales, including governments.

行业专家将近期 BTC 和 ETH 价格下跌归因于包括政府在内的长期鲸鱼抛售加剧。

As reported by BeInCrypto, on-chain data showed yesterday that the German government’s crypto wallet moved 3,000 BTC, worth approximately $174.3 million, to several destinations.

据 BeInCrypto 报道，链上数据昨天显示，德国政府的加密钱包将 3,000 BTC（价值约 1.743 亿美元）转移到了多个目的地。

These include major crypto exchanges such as Bitstamp, Kraken, and Coinbase.

其中包括 Bitstamp、Kraken 和 Coinbase 等主要加密货币交易所。

While options expirations can cause temporary market disruptions, they typically lead to stabilization.

虽然期权到期可能会导致暂时的市场混乱，但通常会导致市场稳定。

Analysts’ recent insights highlight the historical patterns traders may consider when strategizing their positions.

分析师最近的见解强调了交易者在制定头寸策略时可能考虑的历史模式。

Ultimately, traders should remain vigilant, analyzing technical indicators and market sentiment to navigate the anticipated volatility effectively.

最终，交易者应保持警惕，分析技术指标和市场情绪，以有效应对预期的波动。