# Сопутствующие статьи по теме Options

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Options", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Crypto’s High-Stakes Corner Booms As Derivatives Trading Soars To $86 Trillion

Cryptocurrency derivatives trading reached $85.7 trillion in 2025, averaging $264 billion daily, with Binance, OKX, Bybit, and Bitget controlling 62% of the market. Institutional participation grew through ETFs, options, and futures, with CME surpassing Binance in Bitcoin futures open interest. Open interest hit a record $236 billion in October before a sharp correction wiped out over $70 billion. Bitcoin’s price remained below $90k, and spot ETFs saw net outflows. Annual forced liquidations totaled $150 billion, including $19 billion in two days. The market shows increased institutional involvement but also heightened volatility and risk transmission.

bitcoinist12/26 14:02

Crypto’s High-Stakes Corner Booms As Derivatives Trading Soars To $86 Trillion

bitcoinist12/26 14:02

Bitcoin’s Long Game Is Winning, Even If The Short Term Looks Messy—CEO

Bitcoin's price has declined around 27% from its October all-time high, trading near $88,750, amid net outflows from US spot Bitcoin ETFs and a record-sized options expiry that suppressed volatility. Market sentiment remains in "Extreme Fear," reflecting short-term pressure. However, executives like Phong Le of Strategy emphasize strong long-term fundamentals, citing solid market conditions and policy progress, including a US executive order for a Strategic Bitcoin Reserve. Despite institutional interest and clearer regulatory signals, short-term factors like ETF outflows and persistent fear keep the market volatile and range-bound.

bitcoinist12/26 11:14

Bitcoin’s Long Game Is Winning, Even If The Short Term Looks Messy—CEO

bitcoinist12/26 11:14

Matrixport Research: After Months of Caution, Bitcoin Enters a Phase of Structural Gameplay

Bitcoin has entered a new structural phase after months of cautious and range-bound trading, shifting from a one-sided downward trend to a more balanced risk-reward dynamic. Despite recent underperformance against other assets and continued low volatility, key indicators suggest a potential inflection point. The largest-ever Bitcoin options expiration on December 26, 2025, with $17.2 billion in call options and $6.2 billion in puts, is a critical event. While calls are concentrated above $100,000 (a level difficult to reach near-term), puts clustered around $85,000 may lead to intensified price action around that level. Post-expiration, market sentiment may begin improving as risk budgets reset, ETF flows potentially return, and institutional rebalancing occurs in January. Although 2026 may remain challenging for long-only strategies, tactical opportunities are emerging as the market transitions from “downside risk dominance” to a phase of “limited downside but catalysts still needed.”

Matrixport12/26 09:43

Matrixport Research: After Months of Caution, Bitcoin Enters a Phase of Structural Gameplay

Matrixport12/26 09:43

Matrixport Research: After Months of Caution, Bitcoin Enters a Phase of Structural Gameplay

Since mid-October, Bitcoin has been in a corrective phase with subdued market sentiment, though recent structural shifts suggest a transition from a one-sided downtrend to a more complex, range-bound consolidation. Key indicators from derivatives positioning, ETF flows, and technical analysis point to a market entering a new phase of structural博弈. Bitcoin has been trading within a $70,000–$100,000 range amid low implied volatility and reduced risk appetite. Factors such as tax-loss selling and cautious institutional behavior have contributed to the sideways movement, with limited upward catalysts and restrained risk asset momentum. A significant structural inflection point is approaching with the expiration of a record $17.2 billion in Bitcoin options on December 26, 2025. The concentration of put options near $85,000 may make that level a focal point for price action. Post-expiration, market dynamics may shift as risk budgets reset and potential ETF inflows return in January, offering room for sentiment improvement. While 2026 may remain challenging for long-only strategies, tactical opportunities are emerging as Bitcoin’s a period of underperformance relative to other assets. The options expiration event may serve as a catalyst for renewed positioning ahead of expected January inflows, marking a critical window for observing structural change and potential sentiment reversal.

marsbit12/26 09:37

Matrixport Research: After Months of Caution, Bitcoin Enters a Phase of Structural Gameplay

marsbit12/26 09:37

Bitcoin ETFs Face $826 Million Drain As Selling Pressure Builds

US spot Bitcoin ETFs have experienced significant outflows, with a net withdrawal of approximately $826 million over five trading days leading up to Christmas Eve, which alone saw over $175 million exit. Data indicates persistent selling pressure, largely attributed to year-end tax-loss harvesting and a record options expiry. Analysts note that US trading hours showed the strongest selling activity, with the Coinbase Premium frequently negative, signaling weaker US demand compared to buying in Asia. However, some traders view the outflows as seasonal and potentially temporary rather than a broken market structure. On-chain metrics suggest long-term holders are not panic-selling, and realized gains indicate manageable profit-taking. If ETF flows stabilize or turn positive after the holiday period, prices could find a base and recover.

bitcoinist12/26 06:03

Bitcoin ETFs Face $826 Million Drain As Selling Pressure Builds

bitcoinist12/26 06:03

Here’s how Bitcoin’s price could finally breach the $90k ceiling

Recent analysis indicates Bitcoin faced its highest sell pressure in three years, driven by aggressive taker sell activity and persistently negative ETF flows, reflecting weak market sentiment. Bitcoin's price is expected to drop toward $82k before potentially bouncing to $95k, influenced by recent Options expiry. On-chain metrics show BTC is trading near its fair value after a period of overvaluation. Short-term holder pressure has reached a rare equilibrium, signaling balanced buying and selling. Key liquidity zones are identified at $83.5k and $94.7k, with a bearish structure suggesting a possible dip to $84k. The market is likely to remain sideways with volatility, and a bounce to $94k-$97.2k may present a selling opportunity.

ambcrypto12/26 01:05

Here’s how Bitcoin’s price could finally breach the $90k ceiling

ambcrypto12/26 01:05

Why Bitcoin shorts look confident now, even as $90K looms

Despite Bitcoin's potential to reach $90K, short sellers are exhibiting strong confidence due to a significant 23% price drop in Q4 and waning institutional demand. U.S. Spot ETFs have seen consecutive daily net outflows since mid-December, while Open Interest on the CME has fallen below $10 billion for the first time since September 2024, signaling a risk-off shift. The decline is partly attributed to the breakdown of the basis trade, whose yield has dropped from 10% to around 5%, making it less attractive. Analysts project a potential drop below $80K in early 2026 if weak sentiment persists. However, a surge to $90,600 could liquidate $3 billion in leveraged shorts. Options trading indicates a range-bound market with key levels at $85K for a dip and $88K-$90K for a rally.

ambcrypto12/25 22:02

Why Bitcoin shorts look confident now, even as $90K looms

ambcrypto12/25 22:02

Bitcoin options worth $23.7B expire soon – Why traders expect fireworks

Bitcoin has been trading between $85k and $92k in December, but a record $23.7 billion options expiry on December 26th is expected to cause significant price movement. Analysts anticipate a potential 5%-7% swing, with a Max Pain Point at $95,000. Many predict a short-term dip to the $82k-$84k support level, followed by a rally toward $95k or even $100k. However, QCP Capital cautions that this holiday-driven volatility may not be sustainable and could mean-revert as liquidity returns in January.

ambcrypto12/25 21:03

Bitcoin options worth $23.7B expire soon – Why traders expect fireworks

ambcrypto12/25 21:03

Bitcoin price discovery has shifted decisively to derivatives markets

Based on a CoinGlass report, Bitcoin's price discovery has decisively shifted from spot trading to derivatives markets. Futures, perpetual swaps, and options now account for the majority of trading activity, with their volume consistently exceeding spot volume. Consequently, short-term price direction is increasingly determined by leverage, positioning, and hedging behavior rather than direct buying or selling of Bitcoin. This represents a structural shift from earlier cycles, making the market's behavior more akin to traditional macro assets. While this can lead to calmer surface-level price action, it masks underlying risks, increasing the potential for abrupt, volatility spikes triggered by funding stress or liquidation cascades. For participants, monitoring derivatives metrics has become more critical than tracking spot flows alone.

ambcrypto12/25 17:02

Bitcoin price discovery has shifted decisively to derivatives markets

ambcrypto12/25 17:02

Matrixport Market Watch: Repricing After High-Level Correction, Crypto Market Enters New Stage of Stock Game

Global markets are experiencing a period of high-level volatility and a delicate balance. While expectations of interest rate cuts and weakening macroeconomic data provide some support for risk assets, geopolitical uncertainties are causing a distinct "resistance to the upside, sensitivity to the downside" risk sentiment. This has shifted capital allocation strategies from growth-seeking to a focus on defense and certainty, exemplified by gold's strong performance. The cryptocurrency market is undergoing a typical high-level correction and repricing phase. Bitcoin, after approaching ~$126k, has corrected and is now consolidating with high volatility between $85k and $95k. On-chain data indicates selling pressure from long-term holders is easing, but new buying remains cautious, characterized more by buying the dip than aggressive chasing. Leverage in futures markets has been significantly cleared, with open interest falling to safer levels, reducing the risk of a cascading liquidation event. The basis for BTC futures even briefly turned negative, signaling cooled optimism. In options markets, implied volatility has declined from its peaks, indicating a return to more normalized, calmer pricing, though some downside protection is still being sought. The performance of crypto-related stocks reflects a market returning to rationality from euphoria. Premiums for Digital Asset Trusts have compressed significantly. Valuations for mining companies are diverging, now more dependent on operational efficiency. Exchanges and platforms retain a compliance premium, but future valuations will rely on the actual execution of their institutional businesses. In summary, the crypto market is in a "healthy存量博弈" (stock game) phase of rebalancing after a high-level pullback. In this environment, trend traders may need patience. Strategies to consider include volatility-selling products for yield, using Accumulators for gradual long positioning, or employing Decumulators/Covered Calls for hedging or gradual selling. This period of calm repricing often sets the stage for the next cycle.

marsbit12/25 09:34

Matrixport Market Watch: Repricing After High-Level Correction, Crypto Market Enters New Stage of Stock Game

marsbit12/25 09:34

活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow

Indepth Research

Industry News