BTC $77,950.63 +1.38%
ETH $2,515.98 +1.40%
BNB $720.06 +0.41%
XRP $1.42 +6.17%
SOL $102.40 +3.04%
TRX $0.3380 -0.11%
DOGE $0.0838 +1.66%
ADA $0.2080 +2.12%
BCH $222.92 +0.43%
LINK $11.59 +3.06%
HYPE $80.34 +3.36%
AAVE $128.38 +3.10%
SUI $0.7198 +2.37%
XLM $0.1935 +8.85%
ZEC $1,155.90 +8.72%
AAPL $331.83 +0.37%
AMZN $253.59 -0.47%
GOOGL $348.06 +3.70%
MSFT $503.81 +1.93%
META $663.29 +3.62%
NVDA $212.44 -1.08%
TSLA $359.74 -0.24%
SNDK $1,566.05 +0.07%
INTC $97.71 -1.18%
SPCX $148.80 +0.19%
MU $933.65 -0.57%
AMD $493.64 -1.45%
BTC $77,950.63 +1.38%
ETH $2,515.98 +1.40%
BNB $720.06 +0.41%
XRP $1.42 +6.17%
SOL $102.40 +3.04%
TRX $0.3380 -0.11%
DOGE $0.0838 +1.66%
ADA $0.2080 +2.12%
BCH $222.92 +0.43%
LINK $11.59 +3.06%
HYPE $80.34 +3.36%
AAVE $128.38 +3.10%
SUI $0.7198 +2.37%
XLM $0.1935 +8.85%
ZEC $1,155.90 +8.72%
AAPL $331.83 +0.37%
AMZN $253.59 -0.47%
GOOGL $348.06 +3.70%
MSFT $503.81 +1.93%
META $663.29 +3.62%
NVDA $212.44 -1.08%
TSLA $359.74 -0.24%
SNDK $1,566.05 +0.07%
INTC $97.71 -1.18%
SPCX $148.80 +0.19%
MU $933.65 -0.57%
AMD $493.64 -1.45%

分析:比特币 7 万美元支撑的期权机制正在反转,市场或迎反弹

2026-06-15 14:27:47

ChainCatcher 消息,10x Research 发文称,推动比特币跌破 7 万美元支撑位的期权市场机制正在发生变化,甚至可能转向助推上涨。BTC 跌破 7 万美元后,期权市场中的负 Gamma 效应放大了跌势。当时做空 Gamma 的做市商被迫在下跌过程中卖出,导致市场从正常回撤演变为连环清算,比特币最低跌至 65,705 美元,如今该机制并未消失,而是转移到了新的关键位置。

现阶段,比特币期权市场中最大的负 Gamma 持仓位于当前现货价格附近,对应规模约 18 亿美元,如果价格出现波动做市商的对冲行为可能再次放大行情。在市场情绪指标改善、伊朗相关协议可能降低通胀风险溢价,以及市场预期新的美联储主席将采取更偏鸽派立场等因素推动下,过去导致比特币下跌的期权结构可能正在转变为推动反弹的力量。

app_icon
ChainCatcher 与创新者共建Web3世界