The bullish sentiment in the IBIT options is consistent with the noticeable activity in the $200,000 bitcoin call trading on Deribit.

<div><div><div><ul><li><div>The $100 IBIT call option saw a significant volume on Day One, signaling expectations that prices could double to $100 in the coming months.</div></li><li><div>The bullish sentiment is consistent with the noticeable activity in the $200,000 bitcoin call trading on Deribit.</div></li></ul></div></div><div><div><div></div><div></div><div></div></div></div><div><div><p>Options tied to BlackRock's spot bitcoin <a href="https://coindesk.com/price/bitcoin/" title="Bitcoin Price | BTC Price Index and Live Chart - CoinDesk" rel="nofollow">(BTC)</a> exchange-traded fund (ETF) <a href="https://www.coindesk.com/markets/2024/11/20/bitcoin-etf-options-attract-2b-on-day-one-shifting-btcs-market-structure/" rel="nofollow">debuted with a bang</a> on Tuesday, registering a staggering first-day trading volume of $1.9 billion.</p></div></div></div><div><div><div></div></div></div><div><div><div><p>Most activity was concentrated in call options, representing a bullish bias, with some traders betting on doubling the ETF price to at least $100. The Nasdaq-listed ETF closed Tuesday at $52.70.</p></div></div><div><div><p>The $100 strike call option saw a trading volume of over 32,000 contracts, according to data tracked by analytics firm ConvexValue. Most of the value happened in the Dec. 12 expiry, which was also the most popular settlement overall, accounting for 40% of the total trading volume of 354,000 contracts.</p></div></div><div><div><p>"It’s pretty interesting to see 'professionals' degen into $100 strikes (this effectively means a doubling of BTC prices given IBIT trades near $50)," Samneet Chepal, crypto quant researcher, <a href="https://x.com/samchepal/status/1859104499404820526" rel="nofollow">Samneet Chepal, said on X</a>.</p></div></div><div><div><figure><picture><source></source><source></source><source></source><source></source><source></source><source></source><img src="https://www.coindesk.com/resizer/tr0AkDUV0f4wIo96Y7MvL71J3X4=/560x261/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/52GQG3R4SVCVTKW4JFVZSPEIIY.jpeg" alt="The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal)"></picture><figcaption><span>The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal) (Samneet Chepal)</span></figcaption></figure></div></div><div><div><p>The notable uptake for the $100 IBIT call is consistent with activity on offshore crypto options exchange <a href="https://www.deribit.com/statistics/BTC/metrics/options" rel="nofollow">Deribit</a>, where $381 million in notional open interest is locked in the $200,000 strike bitcoin call. Assuming those buyers are investors and not market makers, it's safe to say that they are bracing up for the doubling of the spot price.</p></div></div></div><div><div><div></div></div></div><div><div><div><p>Note that Tuesday's most traded IBIT option was the call at the $55 strike, and the overall volume of call options was four times higher than that of put options.</p></div></div><div><div><p>A call option gives the holder the right but not the obligation to purchase the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market, looking to profit from or protect the short spot/futures market position from an expected price surge in the underlying asset.</p></div></div><div><div><p>According to Deribit, the stateside demand for calls and the resulting "trend trading" by market makers to hedge their books could set the stage for a gamma squeeze higher in BTC's price.</p></div></div></div><div><div><div></div></div></div><div><div><div><p>"U.S. institutions and retail who can't trade on Deribit, the largest crypto options market, will now be able to enter the space and create more open interest around certain price levels, which can further trigger volatility and gamma squeezes in addition to Deribit," Luuk Strijers, Deribit's chief executive officer said in an email, <a href="https://www.coindesk.com/markets/2024/09/23/blackrock-bitcoin-etf-options-to-set-stage-for-gamestop-like-gamma-squeeze-rally-bitwise-predicts/" rel="nofollow">echoing opinion of other analysts</a>.</p></div></div><div><p>Edited by Parikshit Mishra.</p></div></div>

Pro Crypto Traders Are Leveraging IBIT Options to Bet on BlackRock’s Bitcoin ETF Doubling to $100: Observers

在<IBIT>期权中的看多情绪与<Deribit>上2万美元<比特币>看涨期权交易活跃度一致。

<div><div><div><ul><li><div>100美元IBIT看涨期权在第一天出现了显著的交易量,这表明价格可能在未来几个月内翻倍至100美元。</div></li><li><div>看涨情绪与Deribit上200,000美元比特币看涨期权的显著交易活动一致。</div></li></ul></div></div><div><div><div></div><div></div><div></div></div></div><div><div><p>与BlackRock的比特币<a href="https://coindesk.com/price/bitcoin/" title="Bitcoin Price | BTC Price Index and Live Chart - CoinDesk" rel="nofollow">(BTC)</a>交易所交易基金(ETF)相关的期权<a href="https://www.coindesk.com/markets/2024/11/20/bitcoin-etf-options-attract-2b-on-day-one-shifting-btcs-market-structure/" rel="nofollow">在周二首次亮相</a>,首日交易量达到惊人的19亿美元。</p></div></div></div><div><div><div></div></div></div><div><div><div><p>大部分交易集中在看涨期权上,反映了看涨偏好,一些交易者押注ETF价格将翻倍至至少100美元。这只在纳斯达克上市的ETF周二收于52.70美元。</p></div></div><div><div><p>100美元行权价的看涨期权交易量超过32,000份合约,根据分析公司ConvexValue跟踪的数据。大部分交易发生在12月12日到期的合约上,这也是整体最受欢迎的交割期,占总交易量354,000份合约的40%。</p></div></div><div><div><p>"看到'专业人士'押注100美元的行权价(这实际上意味着BTC价格将翻倍,因为IBIT交易接近50美元)还挺有趣的,"加密量化研究员Samneet Chepal在X上<a href="https://x.com/samchepal/status/1859104499404820526" rel="nofollow">表示</a>。</p></div></div><div><div><figure><picture><source></source><source></source><source></source><source></source><source></source><source></source><img src="https://www.coindesk.com/resizer/tr0AkDUV0f4wIo96Y7MvL71J3X4=/560x261/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/52GQG3R4SVCVTKW4JFVZSPEIIY.jpeg" alt="The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal)"></picture><figcaption><span>The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal) (Samneet Chepal)</span></figcaption></figure></div></div><div><div><p>对100美元IBIT看涨期权的显著认购与在离岸加密期权交易所<a href="https://www.deribit.com/statistics/BTC/metrics/options" rel="nofollow">Deribit</a>上200,000美元比特币看涨期权的3.81亿美元名义未平仓合约一致。假设这些买家是投资者而非做市商,那么可以安全地说他们正在为现货价格翻倍做准备。</p></div></div></div><div><div><div></div></div></div><div><div><div><p>需要注意的是,周二最活跃的IBIT期权是55美元行权价的看涨期权,而看涨期权的总交易量是看跌期权的四倍。</p></div></div><div><div><p>看涨期权赋予持有人在特定日期或之前以预定价格购买相关资产的权利,但不是义务。看涨期权买家隐含看涨市场,希望从预期的相关资产价格上涨中获利或保护其做空现货/期货头寸。</p></div></div><div><div><p>根据Deribit的说法,美国对看涨期权的需求以及市场做市商为对冲头寸而进行的"趋势交易"可能会为BTC价格的伽马挤压创造条件。</p></div></div></div><div><div><div></div></div></div><div><div><div><p>"无法在Deribit(最大的加密期权市场)交易的美国机构和散户现在将能进入这个领域,并围绕某些价位创造更多未平仓合约,这可能进一步引发波动和伽马挤压,除了Deribit之外,"Deribit首席执行官Luuk Strijers在一封电子邮件中表示,<a href="https://www.coindesk.com/markets/2024/09/23/blackrock-bitcoin-etf-options-to-set-stage-for-gamestop-like-gamma-squeeze-rally-bitwise-predicts/" rel="nofollow">呼应了其他分析师的观点</a>。</p></div></div><div><p>编辑:Parikshit Mishra。</p></div></div>

观察人士：专业加密货币交易员正在利用 IBIT 期权押注贝莱德的比特币 ETF 价格翻倍至 100 美元

让我们快速回顾一下导致这些上市的一些事件。

比特币 ETF 期权标志着资产类别的新篇章

贝莱德的比特币现货ETF期权交易现已在纳斯达克上市。这是否会吸引更多的交易量,并推动比特币价格进一步上涨?<CoinDesk>的<CHR>讨论了这可能意味着什么。

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贝莱德 IBIT 期权在纳斯达克上市

Techub News 消息，彭博 ETF 分析师 James Seyffart 发推称，贝莱德比特币现货 ETF IBIT 首日期权交易额接近 19 亿美元，共有 35.4 万份合约交易，其中 28.9 万份为看涨期权（占比 82%），6.5 万份为看跌期权（占比 18%）。