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glassnode:BTC 期權波動率顯著回升,短期看跌對沖需求減弱

2026-05-08 22:39:13

ChainCatcher 消息,glassnode 發文指出,比特幣突破阻力進入 82,000-83,000 美元區間後,市場波動率明顯回升。期權數據顯示,前段隱含波動率(IV)自 2025 年 10 月低點大幅反彈,其中 1 週 IV 上升 6 個點,短期期權需求回暖。25D 偏度(Skew)持續向中性壓縮,看跌對沖需求減弱。

波動率風險溢價(VRP)由負轉正,期權定價的未來波動已高於現貨已實現波動率。同時,82,000 美元附近存在近 20 億美元的短期伽馬空頭集群,交易商對沖行為或放大當前價格波動。

過去 24 小時,賣出看漲期權占交易流的 81%,顯示部分交易者開始兌現漲幅,整體倉位傾向於盤整而非恐慌性對沖。

glassnode:BTC 期權波動率顯著回升,短期看跌對沖需求減弱

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