随着币安交易者开空头寸，比特币 (BTC) 期权隐含波动率飙升 5%

比特币价格面临部分回调，在过去 24 小时内下跌 1%，交易价格约为 64,000 美元。

Bitcoin options implied volatility has seen a 5% surge over the last week as traders on Binance open up short positions for bitcoin in anticipation of another drop in BTC.

比特币期权隐含波动率上周飙升 5%，因为币安交易员预计 BTC 会再次下跌，因此开立了比特币空头头寸。

Bitcoin price is facing partial retracement after hitting the weekly high of $65,500. The price dropped 1% in the last 24 hours and is currently trading around $64,000. Traders are keeping a close watch on the developments with the weekly Bitcoin options expiry today.

比特币价格在触及 65,500 美元的周高点后面临部分回调。价格在过去 24 小时内下跌 1%，目前交易价格约为 64,000 美元。交易员正在密切关注今天每周比特币期权到期的事态发展。

According to data from Greeks.Live, a total of 21,000 Bitcoin Options are set to expire today with a put/call ratio of 1.2, a notional value of $1.2 billion, and the max pain point at $62,000. The crypto market has experienced a sharp rally this week, driven by multiple positive developments. All major term implied volatilities (IVs) have shown substantial increases, generally by 5% or more compared to the previous week.

根据 Greeks.Live 的数据，共有 21,000 个比特币期权将于今天到期，看跌/看涨比率为 1.2，名义价值为 12 亿美元，最大痛点为 62,000 美元。在多项积极进展的推动下，加密货币市场本周经历了大幅上涨。所有主要术语隐含波动率 (IV) 均出现大幅增长，与前一周相比通常增长 5% 或更多。

A rising put-call ratio, especially one greater than 0.7 or exceeding 1, indicates that equity traders are purchasing more puts than calls. This suggests that bearish sentiment is growing in the market, with investors either speculating on a market decline or hedging their portfolios against a potential sell-off.

看跌期权与看涨期权比率上升，尤其是大于 0.7 或超过 1，表明股票交易者购买的看跌期权多于看涨期权。这表明市场上的看跌情绪正在加剧，投资者要么猜测市场下跌，要么对冲其投资组合以应对潜在的抛售。

The short-term prospect for Bitcoin doesn’t look very exciting with the chances for the BTC price to correct further up to $60,000 not ruled out.

比特币的短期前景看起来并不十分令人兴奋，不排除比特币价格进一步修正至 60,000 美元的可能性。

Bitcoin Retail Investor Demand at 3-Year Low

比特币散户投资者需求处于三年低点

In a post on X platform, Cryptoquant founder Ki Young Ju said that the Bitcoin retail demand has dropped to a 3-year low. He also noted that the average monthly change in the Bitcoin demand among retail investors has dropped under 15% in the last 30 days. “It’s measured by the 30-day change in total transfer volume for transactions under $10K,” Ju explained.

Cryptoquant 创始人 Ki Young Ju 在 X 平台上发帖表示，比特币零售需求已降至 3 年来的最低点。他还指出，过去 30 天内散户投资者的比特币需求月平均变化已降至 15% 以下。 “这是通过 1 万美元以下交易的总转账量 30 天的变化来衡量的，”Ju 解释道。

While institutions usually handle large Bitcoin transactions, many market analysts believe that the significant Bitcoin price rally can only start with a surge in the retail investors’ interest. “The real bull run typically begins with massive buying volume driven by retail investors,” explained CryptoQuant contributor Minkyu Woo, suggesting that a surge in retail investor activity generally enhances market sentiment.

虽然机构通常会处理大额比特币交易，但许多市场分析师认为，比特币价格的大幅上涨只能从散户投资者兴趣的激增开始。 CryptoQuant 撰稿人 Minkyu Woo 解释说：“真正的牛市通常始于散户投资者推动的大量买盘。”他认为，散户投资者活动的激增通常会增强市场情绪。

On-chain data provider Santiment reported that positive commentary toward Bitcoin has significantly declined despite the recent mid-sized crypto market bounce. Many traders, especially on Binance, are opening short positions, anticipating another drop in BTC. These factors combined increase the likelihood of a cryptocurrency rise.

链上数据提供商 Santiment 报告称，尽管近期加密货币市场出现中等规模的反弹，但对比特币的正面评论已大幅下降。许多交易者，尤其是币安交易者，正在开立空头头寸，预计比特币将再次下跌。这些因素结合起来增加了加密货币上涨的可能性。