发布: 2024/12/12 23:14 阅读: 595
Block Scholes Releases Derivatives Market Report: Mixed Signals for Ethereum and Bitcoin
布洛克斯科尔斯发布衍生品市场报告:以太坊和比特币的混合信号
Block Scholes, an analytics firm, has released a derivatives market report indicating contrasting indicators for Ethereum (ETH) and Bitcoin (BTC).
分析公司 Block Scholes 发布了一份衍生品市场报告,显示了以太坊 (ETH) 和比特币 (BTC) 的对比指标。
Ethereum Position Liquidations Dampen Perpetual Open Interest
以太坊头寸清算削弱了永久未平仓合约
The report highlights a decrease in ETH perpetual open interest attributed to the liquidation of overleveraged long positions. These positions, accumulated during a bullish sentiment, were reset with ETH spot price declines.
该报告强调,由于过度杠杆化多头头寸的清算,导致 ETH 永续未平仓合约减少。这些在看涨情绪期间积累的头寸随着 ETH 现货价格下跌而被重置。
ETH Futures Contracts Show Resilient Open Interest
ETH 期货合约显示出有弹性的未平仓合约
Despite the perpetual swap contract decline, ETH futures contracts have maintained their open interest during a brief pause in price momentum. However, positioning has increased for both BTC and ETH.
尽管永续合约下跌,但 ETH 期货合约在价格势头短暂暂停期间仍保持未平仓合约。然而,BTC 和 ETH 的头寸均有所增加。
Recent Contract Expirations Impact Open Position Size
最近的合约到期影响未平仓头寸规模
Open positions have yet to recover from the expiration of approximately $20 million in contracts in November 2024. This indicates a lack of return by traders who held expiring contracts. BTC perpetual positions have remained stable despite a recent price pullback.
未平仓头寸尚未从 2024 年 11 月到期的约 2000 万美元合约中恢复。这表明持有到期合约的交易者缺乏回报。尽管最近价格回调,但比特币永续头寸仍保持稳定。
Perpetual Swaps and Market Activity
永续合约和市场活动
Perpetual swaps provide traders with speculation options without asset ownership. However, unfavorable price movements lead to leveraged trader liquidations, reducing market activity.
永续掉期为交易者提供了无需资产所有权的投机选择。然而,不利的价格走势会导致杠杆交易者清算,从而减少市场活动。
ETH Outperforms BTC in Options Activity
ETH 在期权活动中表现优于 BTC
Ethereum continues to exceed Bitcoin in options open interest, particularly with the approach of end-of-year expirations. Trading volumes have declined, reflecting market caution.
以太坊的期权未平仓合约数量继续超过比特币,特别是在年底到期的情况下。交易量有所下降,反映出市场的谨慎态度。
Volatility Differences in Term Structures
期限结构的波动性差异
ETH's options term structure exhibits higher realized volatility compared to future expectations. This suggests differing sentiment from BTC, which displays a flatter term structure.
与未来预期相比,ETH 的期权期限结构表现出更高的已实现波动性。这表明与 BTC 的情绪不同,BTC 的期限结构更为扁平。