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BTC $78,570.17 -3.20%
ETH $2,267.06 -3.74%
BNB $702.69 -6.97%
XRP $1.25 -5.88%
SOL $97.06 -5.12%
TRX $0.3539 +7.38%
DOGE $0.0760 -4.83%
ADA $0.1918 -6.76%
BCH $276.69 -4.36%
LINK $10.92 -7.55%
HYPE $92.31 +13.89%
AAVE $124.07 -8.08%
SUI $0.8804 -6.97%
XLM $0.1637 -5.28%
ZEC $1,252.21 -3.87%
AAPL $351.20 +1.75%
AMZN $229.58 -9.44%
GOOGL $282.14 -3.21%
MSFT $529.57 -3.62%
META $621.29 +0.32%
NVDA $210.75 -1.58%
TSLA $398.70 -0.67%
SNDK $1,283.00 -6.39%
INTC $73.25 -21.75%
SPCX $141.63 -1.78%
MU $905.22 -6.02%
AMD $534.71 -5.87%

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。

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