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BTC $84,151.81 -0.55%
ETH $2,664.28 -1.20%
BNB $765.99 -0.33%
XRP $1.47 -1.66%
SOL $118.01 +0.00%
TRX $0.3350 -0.27%
DOGE $0.0915 -3.17%
ADA $0.2397 -2.86%
BCH $303.89 -0.80%
LINK $13.64 -5.10%
HYPE $86.81 -0.50%
AAVE $180.16 +7.20%
SUI $1.12 -3.53%
XLM $0.2124 -3.14%
ZEC $1,292.72 -2.47%
AAPL $333.66 +1.15%
AMZN $251.10 +1.06%
GOOGL $343.03 +1.07%
MSFT $516.00 +0.14%
META $727.45 +0.04%
NVDA $234.47 +1.09%
TSLA $374.25 +4.61%
SNDK $1,719.95 -4.10%
INTC $119.89 -0.46%
SPCX $159.68 +6.94%
MU $1,075.38 -1.57%
AMD $634.73 +2.79%

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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