Crypto markets are closely watching the impact of the expiry of the $2 billion Bitcoin options, a significant event that occurs regularly. Traders and investors are assessing potential reactions and outcomes following such a substantial expiration. 

加密貨幣市場正在密切關注價值 20 億美元的比特幣選擇權到期的影響，這是一個經常發生的重大事件。交易員和投資者正在評估如此重大的到期後的潛在反應和結果。

The expiration of options contracts, particularly in large volumes, can influence market sentiment, volatility, and price movements in the crypto space. Analyzing historical data, market dynamics, and investor behavior is essential to anticipate how the crypto markets might respond to this event.

選擇權合約的到期，尤其是大宗選擇權合約的到期，可能會影響加密貨幣領域的市場情緒、波動性和價格走勢。分析歷史數據、市場動態和投資者行為對於預測加密貨幣市場可能如何應對這一事件至關重要。

Bitcoin bulls mull over $2B options expiry 

Considering the asset has reached $64,000 this week, will the significant expiration event cause Bitcoin to rise or fall?

比特幣多頭考慮 20 億美元選擇權到期考慮到資產本週已達到 64,000 美元，重大到期事件會導致比特幣上漲還是下跌？

On March 1, approximately 32,200 Bitcoin options contracts will expire. This week marks the second-largest expiration event of the month; another enormous one, valued at over $6 billion, is scheduled to take place by the end of March.

3 月 1 日，大約 32,200 個比特幣選擇權合約將到期。本周是本月第二大到期事件；另一項價值超過 60 億美元的大型計畫則於 3 月底舉行。

As of this writing, the current value of Bitcoin (BTC) is $62,002.81, reflecting a 1.2% increase since yesterday and a 0.7% increase from an hour ago. As of today, Bitcoin has gained 21.3% in value in comparison to its value seven days ago.

截至本文撰寫時，比特幣 (BTC) 的當前價值為 62,002.81 美元，較昨天上漲 1.2%，較一小時前上漲 0.7%。截至今天，比特幣的價值較 7 天前上漲了 21.3%。

The present valuation of the worldwide cryptocurrency market is $2.42 trillion, reflecting a 24-hour change of 0.12% and a yearly change of 114.74%. BTC currently holds a market capitalization of $1.22 trillion, signifying a dominance of 50.32%. Stablecoins, meanwhile, have a market capitalization of $143 billion, or 5.9% of the total crypto market capitalization.

目前全球加密貨幣市場估值為2.42兆美元，24小時變動0.12%，年變動114.74%。 BTC 目前的市值為 1.22 兆美元，佔據 50.32% 的主導地位。同時，穩定幣的市值為 1,430 億美元，佔加密貨幣總市值的 5.9%。

Furthermore, at 1.49, the put-to-call ratio indicates that dealers of short contracts (puts) outnumber longs (calls). This indicates that speculators in derivatives are anticipating a market correction. The maximum pain point, or the price at which the majority of losses occur at expiration, is $55,000.

此外，賣權與買權比率為 1.49，顯示空頭合約（賣權）交易商數量多於多頭合約（買權）。這表明衍生品投機者正在預期市場調整。最大痛點，或到期時發生大部分損失的價格是 55,000 美元。

At this time, the $60,000 strike price retains its immense significance, as it is accompanied by 15,329 calls and a notional value of $934 million. In addition, the put-to-call ratio is a mere 0.20, indicating that the number of bulls placing short orders at this strike price significantly surpasses that of bears.

此時，60,000 美元的執行價格仍然具有巨大的意義，因為它伴隨著 15,329 個看漲期權和 9.34 億美元的名義價值。此外，看跌選擇權與買權的比率僅為0.20，顯示多頭在此執行價格下空單的數量顯著超過空頭。

Deribit also reports that there is considerable interest at the $65,000 strike price, where 14,137 calls with a theoretical value of $861 million are in circulation.

Deribit 還報告稱，人們對 65,000 美元的執行價有相當大的興趣，其中流通著 14,137 個看漲期權，理論價值為 8.61 億美元。

Crypto market performance

Additionally, Deribit disclosed that open interest surpassed $29 billion on February 29th, an all-time high. Open interest pertains to the aggregate quantity of unresolved open derivative contracts, including futures and options.

加密貨幣市場表現此外，Deribit 揭露，2 月 29 日未平倉合約超過 290 億美元，創歷史新高。未平倉合約是指未結算的未平倉衍生性合約的總量，包括期貨和選擇權。

“Our 24-hour trading volume hit $12.4 billion this morning, the final all-time high,”  the statement continued.

「今天早上我們的 24 小時交易量達到了 124 億美元，最終創下歷史新高，」聲明繼續說道。

On February 29, clients executed $620 million in options volume, according to Greeks Live, a provider of software for crypto derivatives. This is a record high for the platform.

根據加密衍生性商品軟體供應商 Greeks Live 的數據，2 月 29 日，客戶執行了 6.2 億美元的選擇權。這是該平台的歷史新高。

A significant number of Bitcoin options are coming to an expiration today, alongside 235,000 Ethereum contracts. With a put/call ratio of 0.88 and a notional value of $793 million, these indicate that long and short sellers are more evenly matched.

https://twitter.com/DeribitExchange/status/1763248502941872291/history 今天，大量比特幣選擇權以及 235,000 個以太坊合約即將到期。看跌/看漲期權比率為 0.88，名義價值為 7.93 億美元，這表明多頭和空頭的匹配更加均勻。

Presently, the value of Ethereum (ETH) stands at $3,420.26, reflecting a 0.4% surge from one hour ago and a 0.5% surge since the previous day. As of today, ETH is 16.1% more valuable than it was seven days ago.

目前，以太幣（ETH）的價值為3,420.26美元，較一小時前上漲0.4%，較前一日上漲0.5%。截至今天，ETH 的價值比 7 天前上漲了 16.1%。

As of today, Solana (SOL) is valued at $131.43, representing a 0.4% surge from the previous hour and a 1.8% surge since yesterday. SOL is currently 29.6% more valuable than it was seven days ago.

截至今日，Solana (SOL) 估值為 131.43 美元，較前一小時上漲 0.4%，較昨天上漲 1.8%。 SOL 目前的價值比 7 天前增加了 29.6%。

As of today, Cardano (ADA) is valued at $0.6887, representing a 2.3% increase since yesterday and a 0.2% increase from an hour ago. As of today, ADA is 17.8% more valuable than it was seven days ago.

截至今日，卡爾達諾（ADA）估值為0.6887美元，較昨日上漲2.3%，較一小時前上漲0.2%。截至今天，ADA 的價值比 7 天前上漲了 17.8%。

As of today, Dogecoin (DOGE) is valued at $0.1330, representing a 1.3% surge from the previous hour and a 4.5% surge since yesterday. The present value of DOGE is 56.3 percent greater than its value from seven days ago.

截至今日，狗狗幣（DOGE）估值為 0.1330 美元，較前一小時上漲 1.3%，較昨天上漲 4.5%。 DOGE 目前的價值比 7 天前的價值增加了 56.3%。