比特币（BTC）在周五的每周期权到期之前下降到102,000美元以下

比特币（BTC）下跌了102,000美元，再次提出了有关拉力赛短期方向的疑问。星期五的每周期权到期活动可能是价格动荡的主要因素。

Bitcoin (BTC) price dropped below the $102,000 mark on Thursday, May 15, once again raising questions about the short-term direction of the rally.

5月15日星期四，比特币（BTC）的价格下跌低于102,000美元，再次提出了有关拉力赛短期方向的疑问。

The main factor for the turbulence in the BTC price may be the upcoming weekly options expiry event on Friday, May 16, at 08:00 according to the cryptocurrency exchange, Deribit.

根据CryptoCurrency Exchange，Deribit的CryptoCurrency Exchange表示，BTC价格湍流的主要因素可能是即将举行的每周期权到期活动。

The options traders on the exchange will be rolling over their positions, which may influence the price action. The majority of the options contracts are concentrated at the $100,000 strike price, which is also the maximum pain level for options holders.

交易所上的期权交易者将在其头寸上滚动，这可能会影响价格行动。大多数选项合同集中在100,000美元的打击价格上，这也是期权持有人的最大痛苦水平。

This week's options expiry event is showing more bullish confidence compared to other options expirations, with the put/call ratio being bullish for both BTC and ETH, but still showing some caution regarding the potential for price drops.

与其他期权到期相比，本周的期权到期活动表现出更大的看涨信心，而BTC和ETH的看涨比率是看涨的，但仍然对价格下跌的可能性持谨慎态度。

As the Bitcoin price continues to determine its direction and potential to move to a new all-time high, the options events are being closely watched by traders.

随着比特币的价格继续确定其方向和潜力，可以转移到新的历史最高水平，交易者正在密切关注期权事件。

BTC price drops as traders prepare for options expiry

当交易者准备期权到期时，BTC价格下跌

The cryptocurrency exchange Deribit is known for its large options market, with traders placing bets on the price of BTC and other cryptocurrencies at a specific time in the future.

加密货币交易所deribit以其大型期权市场而闻名，贸易商将BTC和其他加密货币的价格下注在未来的特定时间。

According to the latest data from the exchange, over $3.1B in BTC and ETH options are set to expire on Friday, May 15 at 08:00.

根据交易所的最新数据，BTC的$ 3.1B超过$ 3.1B，ETH选项定于5月15日（星期五）08:00到期。

The majority of the options contracts are concentrated at the $100,000 strike price for BTC, which is also the maximum pain level for options holders.

大多数期权合约集中于BTC的100,000美元打击价格，这也是期权持有人的最大痛苦水平。

According to the latest data from Glassnode, the BTC price is threatening to liquidate long positions. At the price of $101,456.40, traders have accumulated $48.3M in long positions, which are now in almost immediate danger of being closed or liquidated.

根据GlassNode的最新数据，BTC价格可能会耗尽长位。以101,456.40美元的价格，贸易商在长位置上累积了4830万美元，现在几乎处于被关闭或清算的直接危险。

The bigger risk is a break below $101,000, at which point liquidations may reach up to $996M. The actual availability of liquidity may change as traders close out their positions, and a price sweep to liquidate the remaining long positions is still possible.

更大的风险是低于$ 101,000的休息时间，此时清算可能达到9.96亿美元。随着交易者关闭职位，流动性的实际利用可能会发生变化，而且价格扫描以清算剩余的长头寸仍然是可能的。

Another potential scenario is a climb above $103,000, where short positions are accumulating. A short squeeze may lead BTC to its higher price range, avoiding the maximum pain of options expiry.

另一个潜在的情况是攀升至103,000美元以上，占据较短的位置。短暂的挤压可能会导致BTC达到更高的价格范围，从而避免期权的最大痛苦到期。

According to the analysis, BTC is also expected to reject the higher price levels and drop as low as $99,000 before reclaiming a higher level.

根据该分析，预计BTC还将拒绝更高的价格水平，并在收回较高水平之前下降到99,000美元。

Based on the liquidation levels, the biggest accumulation of short positions is just under $105,000, which are awaiting rejection, with some accumulation below the $106,000 level.

根据清算水平，短职位的最大积累不到105,000美元，等待拒绝，有些积累低于106,000美元。

Despite the recent price downturn, BTC is still seeing increased spot demand, accumulation by funds and retained block rewards in the wallets of miners. In the short term, the direction of the BTC price may change more actively.

尽管最近的价格下降了，但BTC仍在看到现货需求增加，资金积累并保留了矿工钱包中的块奖励。在短期内，BTC价格的方向可能会更加积极变化。

The dominance of BTC fell to 59.4%, down from a recent high above 61%. BTC is still the leading asset, outperforming all other altcoins. ETH recovered only slightly to 0.025 BTC, but is suffering from similar levels of volatility.

BTC的优势降至59.4％，低于最近高于61％的高位。 BTC仍然是领先的资产，表现优于所有其他Altcoins。 ETH仅恢复了略微恢复到0.025 BTC，但遭受了相似的波动率。

Ahead of the options expiry, ETH traded at $2,525.68, once again revealing that its rally above $2,700 was short-lived. ETH is farther from its maximum pain level of $2,200 on the options market, but may still face pressure to go lower.

在期权到期之前，ETH的交易价格为2,525.68美元，再次揭示其集会高于2,700美元。 ETH远离其最大疼痛水平在期权市场上的2,200美元，但仍可能面临较低的压力。