Odaily星球日报讯 加密货币衍生品交易所 Deribit 将有超 95 亿美元的比特币期权持仓于本周五到期，这也将成为该交易所有史以来规模最大的一次到期日。据悉，这笔到期的 95 亿美元比特币期权持仓占到总量 263 亿美元中的 40%。数据显示，Deribit 上周五 3 月底到期的比特币期权未平仓合约价值已增至 86.1 亿美元的峰值。相比之下，Deribit 1 月和 2 月的月末到期金额明显较低，分别为 37.4 亿美元和 37.2 亿美元。（TheBlock）

Deribit3月份到期的比特币期权未平仓合约创历史新高

Odaily Odaily reported that the cryptocurrency derivatives exchange Deribit will have more than $9.5 billion in Bitcoin options positions expiring this Friday, which will also become the largest expiry date in the history of the exchange. It is reported that the expiring Bitcoin options holdings of US$9.5 billion account for 40% of the total US$26.3 billion. Data shows that the value of Deribit’s open interest in Bitcoin options expiring at the end of March last Friday has increased to a peak of $8.61 billion. In comparison, Deribit&#39;s month-end maturity amounts in January and February were significantly lower, at $3.74 billion and $3.72 billion respectively. (TheBlock)

Deribit’s open interest in Bitcoin options expiring in March hits all-time high

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...