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. 

加密货币市场正在密切关注价值 20 亿美元的比特币期权到期的影响，这是一个经常发生的重大事件。交易员和投资者正在评估如此重大的到期后的潜在反应和结果。

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.

期权合约的到期，尤其是大宗期权合约的到期，可能会影响加密货币领域的市场情绪、波动性和价格走势。分析历史数据、市场动态和投资者行为对于预测加密货币市场可能如何应对这一事件至关重要。

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?

比特币多头考虑 20 亿美元期权到期考虑到资产本周已达到 64,000 美元，重大到期事件会导致比特币上涨还是下跌？

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，大约 32,200 个比特币期权合约将到期。本周是本月第二大到期事件；另一项价值超过 60 亿美元的大型项目计划于 3 月底举行。

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.

截至本文撰写时，比特币 (BTC) 的当前价值为 62,002.81 美元，较昨天上涨 1.2%，较一小时前上涨 0.7%。截至今天，比特币的价值较 7 天前上涨了 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.

目前全球加密货币市场估值为2.42万亿美元，24小时变化0.12%，年变化114.74%。 BTC 目前的市值为 1.22 万亿美元，占据 50.32% 的主导地位。与此同时，稳定币的市值为 1430 亿美元，占加密货币总市值的 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，看跌期权与看涨期权比率为 1.49，表明空头合约（看跌期权）交易商数量多于多头合约（看涨期权）。这表明衍生品投机者正在预期市场调整。最大痛点，或者说到期时发生大部分损失的价格是 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.

此时，60,000 美元的执行价格仍然具有巨大的意义，因为它伴随着 15,329 个看涨期权和 9.34 亿美元的名义价值。此外，看跌期权与看涨期权的比率仅为0.20，表明多头在此执行价格下空单的数量显着超过空头。

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 还报告称，人们对 65,000 美元的执行价有相当大的兴趣，其中流通着 14,137 个看涨期权，理论价值为 8.61 亿美元。

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.

加密货币市场表现此外，Deribit 披露，2 月 29 日未平仓合约超过 290 亿美元，创历史新高。未平仓合约是指未结算的未平仓衍生品合约的总量，包括期货和期权。

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

“今天早上我们的 24 小时交易量达到了 124 亿美元，最终创下历史新高，”声明继续说道。

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.

根据加密衍生品软件提供商 Greeks Live 的数据，2 月 29 日，客户执行了 6.2 亿美元的期权。这是该平台的历史新高。

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，大量比特币期权以及 235,000 个以太坊合约即将到期。看跌/看涨期权比率为 0.88，名义价值为 7.93 亿美元，这表明多头和空头的匹配更加均匀。

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，以太坊（ETH）的价值为3,420.26美元，较一小时前上涨0.4%，较前一日上涨0.5%。截至今天，ETH 的价值比 7 天前上涨了 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) 估值为 131.43 美元，较前一小时上涨 0.4%，较昨天上涨 1.8%。 SOL 目前的价值比 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，卡尔达诺（ADA）估值为0.6887美元，较昨日上涨2.3%，较一小时前上涨0.2%。截至今天，ADA 的价值比 7 天前上涨了 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，狗狗币（DOGE）估值为 0.1330 美元，较前一小时上涨 1.3%，较昨天上涨 4.5%。 DOGE 目前的价值比 7 天前的价值增加了​​ 56.3%。