将近30亿美元的比特币和以太坊期权合约将在周五到期

周末开始之​​前，约有30亿美元的比特币（BTC）和以太坊（ETH）期权合约到期。这一重大事件可能导致波动率提高

Nearly $3 billion in Bitcoin and Ethereum options contracts are set to expire on Friday, potentially setting the stage for short-term volatility and shifting market sentiment, paving the way for interesting observations.

将近30亿美元的比特币和以太坊期权合约将在周五到期，有可能为短期波动和转移市场情绪奠定基础，为有趣的观察铺平了道路。

Notably, around $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts are due to expire before the weekend kicks off. This significant event could be a factor in amplifying volatility, considering options expirations often translate into heightened trading activity and swift price movements.

值得注意的是，大约30亿美元的比特币（BTC）和以太坊（ETH）期权合约将在周末开始之​​前到期。考虑到期权通常会转化为贸易活动和快速价格变动的期权，这一重大事件可能是扩大波动率的一个因素。

Technical Analysis:

技术分析：

Options contracts grant traders the right, but not the obligation, to buy or sell an asset at a predetermined price on or before a specific date. The expiration of these contracts often sparks a round of repositioning, ultimately leading to increased activity and short-term volatility. The sheer size of Friday’s expiry could be a factor in shaping near-term price dynamics.

期权合约授予交易者以在特定日期或之前以预定价格购买或出售资产的权利，但没有义务。这些合同的到期通常会引发一轮重新定位，最终导致活动增加和短期波动。周五到期的巨大规模可能是塑造近期价格动态的一个因素。

Another crucial aspect is the put-to-call ratio, a common metric used to gauge traders’ overall sentiment. A ratio above 1 indicates a preference for put options, suggesting a bearish market outlook. Conversely, a ratio below 1 denotes a higher demand for call options, reflecting a bullish sentiment.

另一个至关重要的方面是plat-all-call比率，这是一种通用度量，用于评估交易者的总体情绪。比率高于1的比率表示对PUT选项的偏爱，表明看跌市场前景。相反，低于1的比率表示对呼叫选项的需求更高，反映了看涨的情绪。

Current data from derivatives exchange shows Bitcoin’s put-to-call ratio stands at 0.93, suggesting a neutral to slightly bullish market. Meanwhile, Ethereum’s ratio is 1.22, indicating a more bearish bias among traders.

来自衍生工具交换的当前数据显示，比特币的pall票比率为0.93，这表明中立和略微看涨的市场。同时，以太坊的比率为1.22，表明交易者的看跌偏见更加偏见。

“The sheer size of Friday’s options expiry could be a factor in sparking short-term volatility,”

“周五期权到期的巨大规模可能是引发短期波动率的一个因素，”

Despite the massive amount of options expiring, some analysts believe it’s a routine event and won’t have a lasting impact on market trends.

尽管有大量的期权到期，但一些分析师认为这是一个例行事件，不会对市场趋势产生持久的影响。

“While we might see some price fluctuations due to options expirations, the broader market direction will likely be influenced more by external factors,” one analyst said.

一位分析师说：“尽管我们可能会看到由于期权到期而导致的一些价格波动，但更广泛的市场方向可能会受到外部因素的影响。”

These external factors could include regulatory developments, macroeconomic conditions, and institutional investors’ activity, all of which will continue to play a significant role in shaping market trends in the coming days.

这些外部因素可能包括监管发展，宏观经济状况和机构投资者的活动，所有这些都将继续在未来几天塑造市场趋势中发挥重要作用。