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BTC $79,808.34 -2.34%
ETH $2,304.16 -4.38%
BNB $721.03 -3.52%
XRP $1.27 -3.40%
SOL $99.93 -4.64%
TRX $0.3291 -0.07%
DOGE $0.0758 -5.27%
ADA $0.2036 -5.95%
BCH $270.20 -5.78%
LINK $11.38 -5.53%
HYPE $75.44 -4.09%
AAVE $134.72 -8.91%
SUI $0.9240 -6.83%
XLM $0.1684 -4.73%
ZEC $1,145.55 -8.48%
AAPL $346.58 -0.32%
AMZN $247.55 -0.92%
GOOGL $319.99 -1.12%
MSFT $522.20 -0.67%
META $640.49 -0.76%
NVDA $211.50 -0.47%
TSLA $370.46 -0.75%
SNDK $1,225.49 -4.01%
INTC $86.09 -1.43%
SPCX $146.13 -1.14%
MU $877.05 -1.41%
AMD $516.53 -0.41%

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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