{"id":1009,"date":"2026-02-28T05:00:00","date_gmt":"2026-02-28T05:00:00","guid":{"rendered":"https:\/\/cryptonews.com\/tw\/?p=1009"},"modified":"2026-02-27T13:25:58","modified_gmt":"2026-02-27T13:25:58","slug":"9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/","title":{"rendered":"\u8fd190\u5104\u7f8e\u5143\u6bd4\u7279\u5e63\u8207\u4e59\u592a\u574a\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790"},"content":{"rendered":"<p>\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\uff0c\u5e02\u5834\u4e5f\u56e0\u6b64\u628a\u7126\u9ede\u653e\u5728\u6700\u5927\u75db\u9ede\u4f4d\u7f6e\u3001Put Call Ratio\u7d50\u69cb\uff0c\u4ee5\u53ca\u9020\u5e02\u5546\u5728\u5230\u671f\u524d\u5f8c\u7684\u5c0d\u6c96\u884c\u70ba\u6240\u5e36\u4f86\u7684\u6ce2\u52d5\u653e\u5927\u6548\u61c9\u3002<\/p><h3 class=\"wp-block-heading\">\u91cd\u9ede\u6458\u8981\uff1a<\/h3><ul class=\"wp-block-list\">\n<li><strong>90\u5104\u7f8e\u5143\u671f\u6b0a\u7d50\u7b97\uff1a<\/strong> \u4f54\u7e3d\u6301\u500920%\uff0c\u9810\u8a08\u5f15\u767c\u76e4\u4e2d\u5287\u70c8\u9707\u76ea\u3002<\/li>\n\n\n\n<li><strong>\u7d50\u7b97\u58d3\u529b\uff1a<\/strong> \u73fe\u8ca8\u50f9\u4f4e\u65bc\u300c\u6700\u5927\u75db\u9ede\u300d\uff0c\u5c0d\u6c96\u884c\u70ba\u6050\u52a0\u5287\u6025\u6f32\u6025\u8dcc\u3002<\/li>\n\n\n\n<li><strong>\u5e02\u5834\u8a0a\u865f\uff1a<\/strong> \u96d6\u898b\u6284\u5e95\u8cb7\u76e4\uff0c\u4f46\u718a\u5e02\u683c\u5c40\u672a\u8b8a\uff0c\u975e\u53cd\u8f49\u8a0a\u865f\u3002<\/li>\n<\/ul><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49-1024x683.jpeg\" alt=\"\" class=\"wp-image-1010\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49-1024x683.jpeg 1024w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49-300x200.jpeg 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49-768x512.jpeg 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49-450x300.jpeg 450w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/figure><h2 class=\"wp-block-heading\"><strong>\u5230\u671f\u898f\u6a21\u63a5\u8fd190\u5104\u7f8e\u5143\uff0c\u6301\u5009\u5360\u6bd4\u905420% <\/strong> <\/h2><span class=\"replacer\"><\/span><p>\u6839\u64daGreeks.live\u8cc7\u6599\uff0c\u4eca\u65e5\u5230\u671f\u7684BTC\u671f\u6b0a\u7d0411.6\u842c\u5f35\uff0cPut Call Ratio\u70ba0.76\uff0c\u6700\u5927\u75db\u9ede\u70ba75,000\u7f8e\u5143\uff0c\u540d\u7fa9\u50f9\u503c\u7d0479\u5104\u7f8e\u5143\u3002\u4ee5\u73fe\u8ca8\u5831\u50f9\u7d0468,500\u7f8e\u5143\u8a08\u7b97\uff0cBTC\u76ee\u524d\u4ecd\u660e\u986f\u4f4e\u65bc\u6700\u5927\u75db\u9ede\u5340\u57df\uff0c\u986f\u793a\u671f\u6b0a\u5e02\u5834\u7684\u7d50\u7b97\u58d3\u529b\u8207\u73fe\u8ca8\u50f9\u683c\u5b58\u5728\u8ddd\u96e2\u3002<\/p><p>\u53e6\u4e00\u908a\uff0cETH\u671f\u6b0a\u4eca\u65e5\u5230\u671f\u7d0420.6\u842c\u5f35\uff0cPut Call Ratio\u70ba0.77\uff0c\u6700\u5927\u75db\u9ede\u70ba2,200\u7f8e\u5143\uff0c\u540d\u7fa9\u50f9\u503c\u7d049.8\u5104\u7f8e\u5143\uff1bETH\u73fe\u8ca8\u7d042,070\u7f8e\u5143\uff0c\u540c\u6a23\u4f4e\u65bc\u6700\u5927\u75db\u9ede\u3002\u5169\u8005\u5408\u8a08\u7684\u5230\u671f\u91cf\u4e0d\u53ea\u6578\u5b57\u53ef\u89c0\uff0c\u4e5f\u56e0\u5360\u6bd4\u504f\u9ad8\u800c\u66f4\u5bb9\u6613\u5f71\u97ff\u77ed\u671f\u6ce2\u52d5\u7d50\u69cb\u3002<\/p><p><strong>\u63a2\u7d22\u66f4\u591a\uff1a<a href=\"https:\/\/cryptonews.com\/tw\/cryptocurrency\/how-to-buy-bitcoin\/\">\u53f0\u7063\/\u9999\u6e2f\u8cb7\u5e63\u6559\u5b78\uff1a\u6bd4\u7279\u5e63\u4ea4\u6613\u6240\u6392\u540d\u3001\u624b\u7e8c\u8cbb\u6bd4\u8f03\u8207\u9632\u8a50\u6307\u5357<\/a><\/strong><\/p><h2 class=\"wp-block-heading\"><strong>\u6700\u5927\u75db\u9ede\u8207\u73fe\u8ca8\u843d\u5dee\uff0c\u727d\u52d5\u7d50\u7b97\u524d\u7684\u62c9\u626f  <\/strong><\/h2><span class=\"replacer\"><\/span><p>\u6700\u5927\u75db\u9ede\u901a\u5e38\u88ab\u8996\u70ba\u671f\u6b0a\u8cb7\u65b9\u6574\u9ad4\u640d\u5931\u76f8\u5c0d\u8f03\u5927\u3001\u8ce3\u65b9\u76f8\u5c0d\u53d7\u76ca\u7684\u50f9\u683c\u5340\u57df\uff0c\u56e0\u6b64\u5728\u5230\u671f\u524d\u5f8c\uff0c\u5e02\u5834\u5e38\u6703\u89c0\u5bdf\u50f9\u683c\u662f\u5426\u5411\u8a72\u5340\u57df\u9760\u650f\u3002\u4ee5\u76ee\u524d\u6c34\u4f4d\u4f86\u770b\uff0cBTC\u8ddd\u96e275,000\u7f8e\u5143\u4ecd\u6709\u4e00\u6bb5\u7a7a\u9593\uff0cETH\u8ddd\u96e22,200\u7f8e\u5143\u4e5f\u672a\u63a5\u8fd1\u3002<\/p><p>\u9019\u7a2e\u843d\u5dee\u610f\u5473\u8457\uff0c\u82e5\u50f9\u683c\u5617\u8a66\u4e0a\u79fb\u4e26\u7a7f\u8d8a\u591a\u500b\u884c\u6b0a\u50f9\u5bc6\u96c6\u5e36\uff0c\u77ed\u7dda\u7684\u5c0d\u6c96\u9700\u6c42\u53ef\u80fd\u589e\u5f37\uff0c\u76e4\u4e2d\u6ce2\u52d5\u4e5f\u53ef\u80fd\u88ab\u653e\u5927\uff1b\u53cd\u4e4b\uff0c\u82e5\u50f9\u683c\u7dad\u6301\u5728\u8f03\u4f4e\u5340\u9593\uff0c\u7d50\u7b97\u58d3\u529b\u53ef\u80fd\u4e3b\u8981\u9ad4\u73fe\u5728\u90e8\u5206\u5009\u4f4d\u7684\u8abf\u6574\u8207\u79fb\u5009\uff0c\u800c\u975e\u55ae\u908a\u5287\u70c8\u63a8\u52d5\u3002<\/p><h2 class=\"wp-block-heading\"><strong>\u96b1\u542b\u6ce2\u52d5\u7387\u56de\u5347\uff0c\u60c5\u7dd2\u4fee\u5fa9\u4ecd\u504f\u4fdd\u5b88<\/strong>  <\/h2><span class=\"replacer\"><\/span><p>Greeks.live\u5206\u6790\u5e2bAdam\u6307\u51fa\uff0c2\u6708\u6574\u9ad4\u5e02\u5834\u6c23\u6c1b\u4ecd\u986f\u4f4e\u8ff7\u3002BTC\u57282\u6708\u521d\u4e00\u5ea6\u4e0b\u63a2\u81f360,062\u7f8e\u5143\uff0c\u903c\u8fd160,000\u7f8e\u5143\u6574\u6578\u95dc\u53e3\uff0c\u4e4b\u5f8c\u591a\u6578\u6642\u9593\u572860,000\u7f8e\u5143\u4e0a\u65b9\u5f31\u52e2\u9707\u76ea\u3002\u8fd12\u5929\u7684\u53cd\u5f48\u5e36\u52d5\u96b1\u542b\u6ce2\u52d5\u7387\u56de\u5347\uff0c\u672c\u9031BTC\u4e3b\u8981\u671f\u9650IV\u7d0447%\uff0cETH\u4e3b\u8981\u671f\u9650IV\u7d0465%\uff0c\u986f\u793a\u50f9\u683c\u4e0b\u8dcc\u659c\u7387\u6709\u6240\u7de9\u548c\uff0c\u4ea4\u6613\u8005\u958b\u59cb\u91cd\u65b0\u70ba\u6ce2\u52d5\u5b9a\u50f9\u3002<\/p><p>\u4e0d\u904e\uff0cIV\u4e0a\u5347\u4e0d\u7b49\u65bc\u4fe1\u5fc3\u5b8c\u5168\u56de\u4f86\uff0c\u66f4\u53ef\u80fd\u53cd\u6620\u5e02\u5834\u5c0d\u5230\u671f\u4e8b\u4ef6\u8207\u77ed\u7dda\u6ce2\u52d5\u7684\u518d\u8a55\u4f30\uff0c\u8cc7\u91d1\u614b\u5ea6\u4ecd\u504f\u8b39\u614e\u3002<\/p><h2 class=\"wp-block-heading\"><strong>\u770b\u6f32\u5408\u7d04\u6210\u4ea4\u5360\u512a\uff0c\u6284\u5e95\u529b\u91cf\u6d6e\u73fe <\/strong> <\/h2><span class=\"replacer\"><\/span><p>\u5728\u6210\u4ea4\u7d50\u69cb\u4e0a\uff0c\u5927\u5b97\u770b\u6f32\u671f\u6b0a\u6210\u70ba\u8fd1\u671f\u4e3b\u529b\u3002Adam\u63d0\u5230\uff0c\u6628\u65e5\u53cd\u5f48\u4e4b\u5f8c\uff0c\u4e2d\u9060\u671f\u770b\u6f32\u5408\u7d04\u6210\u4ea4\u660e\u986f\u6e67\u73fe\uff0c\u8207\u6b64\u540c\u6642Skew\u4e5f\u5168\u9762\u53cd\u5f48\uff0c\u4ee3\u8868\u5e02\u5834\u5c0d\u672a\u4f86\u50f9\u683c\u5206\u5e03\u7684\u504f\u597d\u6b63\u5728\u7531\u904e\u5ea6\u9632\u5b88\u8f49\u5411\u5617\u8a66\u9032\u653b\u3002\u9019\u7a2e\u8b8a\u5316\u901a\u5e38\u610f\u5473\u8457\uff0c\u90e8\u5206\u8cc7\u91d1\u958b\u59cb\u7528\u671f\u6b0a\u65b9\u5f0f\u5efa\u7acb\u5411\u4e0a\u66dd\u96aa\uff0c\u4ee5\u8f03\u53ef\u63a7\u7684\u6210\u672c\u5e03\u5c40\u53cd\u5f48\u7a7a\u9593\uff1b\u76f8\u8f03\u65bc\u76f4\u63a5\u8ffd\u50f9\u73fe\u8ca8\uff0c\u671f\u6b0a\u66f4\u5bb9\u6613\u5448\u73fe\u300c\u5148\u8a66\u6c34\u6eab\u300d\u7684\u8cc7\u91d1\u8a9e\u8a00\uff0c\u56e0\u6b64\u4e5f\u88ab\u89e3\u8b80\u70ba\u6284\u5e95\u529b\u91cf\u9010\u6b65\u6d6e\u73fe\u3002<\/p><p>\u5118\u7ba1\u770b\u6f32\u671f\u6b0a\u7684\u6210\u4ea4\u71b1\u5ea6\u56de\u5347\uff0cAdam\u4ecd\u5f37\u8abf\u5e02\u5834\u4ecd\u8655\u718a\u5e02\u968e\u6bb5\u3002\u5176\u6838\u5fc3\u7406\u7531\u5728\u65bc\u7f3a\u4e4f\u65b0\u589e\u8cc7\u91d1\u6d41\u5165\uff0c\u4e5f\u6c92\u6709\u8db3\u4ee5\u51dd\u805a\u4ea4\u6613\u71b1\u5ea6\u7684\u660e\u78ba\u4e3b\u7dda\uff0c\u60b2\u89c0\u8ad6\u8abf\u5728\u793e\u7fa4\u5a92\u9ad4\u6301\u7e8c\u64f4\u6563\u3002\u5728\u9019\u7a2e\u80cc\u666f\u4e0b\uff0c\u77ed\u7dda\u53cd\u5f48\u66f4\u50cf\u662f\u6280\u8853\u6027\u4fee\u5fa9\u8207\u90e8\u4f4d\u518d\u5e73\u8861\uff0c\u800c\u975e\u8da8\u52e2\u6027\u7ffb\u591a\u7684\u5b9a\u9328\u3002\u63db\u8a00\u4e4b\uff0c\u6284\u5e95\u529b\u91cf\u53ef\u4ee5\u5b58\u5728\uff0c\u4f46\u4e0d\u5fc5\u7136\u7b49\u540c\u65bc\u5e95\u90e8\u5df2\u78ba\u8a8d\uff0c\u771f\u6b63\u7684\u6050\u614c\u5f0f\u51fa\u6e05\u60c5\u7dd2\u53ef\u80fd\u4ecd\u672a\u5b8c\u5168\u5230\u4f4d\u3002<\/p><h2 class=\"wp-block-heading\"><strong>\u5230\u671f\u524d\u5f8c\u7684Gamma\u5c0d\u6c96\uff0c\u53ef\u80fd\u653e\u5927\u76e4\u4e2d\u6ce2\u52d5  <\/strong><\/h2><span class=\"replacer\"><\/span><p>\u7576\u73fe\u8ca8\u50f9\u683c\u63a5\u8fd1\u5927\u91cf\u884c\u6b0a\u50f9\u805a\u96c6\u5340\u57df\u6642\uff0c\u9020\u5e02\u5546\u7684Gamma\u5c0d\u6c96\u5f80\u5f80\u6703\u52a0\u5287\u77ed\u671f\u9707\u76ea\u3002\u82e5\u50f9\u683c\u671d\u6700\u5927\u75db\u9ede\u65b9\u5411\u9760\u650f\uff0c\u5c0d\u671f\u6b0a\u8ce3\u65b9\u800c\u8a00\u901a\u5e38\u8f03\u6709\u5229\uff0c\u4f46\u5728\u5feb\u901f\u7a7f\u8d8a\u591a\u500b\u884c\u6b0a\u50f9\u7684\u904e\u7a0b\u4e2d\uff0c\u4e5f\u53ef\u80fd\u51fa\u73fe\u77ed\u66ab\u7684\u6025\u62c9\u884c\u60c5\uff0c\u7279\u5225\u662f\u5728\u6d41\u52d5\u6027\u4e0d\u8db3\u6216\u69d3\u687f\u90e8\u4f4d\u64c1\u64e0\u6642\u66f4\u70ba\u660e\u986f\u3002<\/p><p>\u4eca\u65e5\u96c6\u4e2d\u5230\u671f\u7684\u898f\u6a21\u8f03\u5927\uff0c\u4f7f\u5f97\u5230\u671f\u524d\u5f8c\u7684\u5c0d\u6c96\u8abf\u6574\u3001\u79fb\u5009\u8207\u7d50\u7b97\u884c\u70ba\u66f4\u503c\u5f97\u95dc\u6ce8\uff0c\u77ed\u7dda\u98a8\u96aa\u4e3b\u8981\u9ad4\u73fe\u5728\u6ce2\u52d5\u7a81\u7136\u653e\u5927\u800c\u975e\u55ae\u4e00\u65b9\u5411\u7684\u53ef\u9810\u6e2c\u6027\u3002<\/p><h2 class=\"wp-block-heading\"><strong>\u7d50\u8ad6\uff1a\u53cd\u5f48\u8a0a\u865f\u5b58\u5728\u4f46\u5e95\u90e8\u672a\u5fc5\u78ba\u8a8d  <\/strong><\/h2><span class=\"replacer\"><\/span><p>\u4eca\u65e5BTC\u7d0411.6\u842c\u5f35\u8207ETH\u7d0420.6\u842c\u5f35\u671f\u6b0a\u96c6\u4e2d\u5230\u671f\uff0c\u5408\u8a08\u540d\u7fa9\u50f9\u503c\u8fd190\u5104\u7f8e\u5143\uff0c\u4e14\u6700\u5927\u75db\u9ede\u5206\u5225\u4f4d\u65bc75,000\u7f8e\u5143\u82072,200\u7f8e\u5143\uff0c\u8207\u73fe\u8ca8\u50f9\u4ecd\u6709\u8ddd\u96e2\u3002\u96b1\u542b\u6ce2\u52d5\u7387\u56de\u5347\u8207\u770b\u6f32\u671f\u6b0a\u653e\u91cf\uff0c\u8aaa\u660e\u6284\u5e95\u8cc7\u91d1\u958b\u59cb\u6d3b\u8e8d\uff0c\u4f46\u5728\u7f3a\u4e4f\u65b0\u589e\u8cc7\u91d1\u8207\u5e02\u5834\u4e3b\u7dda\u4e0d\u660e\u7684\u74b0\u5883\u4e0b\uff0c\u718a\u5e02\u6846\u67b6\u4ecd\u672a\u9b06\u52d5\u3002\u5230\u671f\u524d\u5f8c\u7684Gamma\u5c0d\u6c96\u53ef\u80fd\u653e\u5927\u76e4\u4e2d\u9707\u76ea\uff0c\u4f7f\u77ed\u7dda\u8d70\u52e2\u66f4\u654f\u611f\uff1b\u56e0\u6b64\uff0c\u9019\u6b21\u7d50\u7b97\u66f4\u50cf\u662f\u4e00\u500b\u6ce2\u52d5\u7a97\u53e3\uff0c\u800c\u975e\u5ba3\u544a\u5e95\u90e8\u5b8c\u6210\u7684\u5b9a\u8ad6\u3002<\/p><p>\u63a2\u7d22\u66f4\u591a\uff1a<a href=\"https:\/\/cryptonews.com\/tw\/cryptocurrency\/best-crypto-presales\/\">2026\u6700\u4f73\u52a0\u5bc6\u8ca8\u5e63\u9810\u552e\u9805\u76ee<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\uff0c\u5e02\u5834\u4e5f\u56e0\u6b64\u628a\u7126\u9ede\u653e\u5728\u6700\u5927\u75db\u9ede\u4f4d\u7f6e\u3001Put Call Ratio\u7d50\u69cb\uff0c\u4ee5\u53ca\u9020\u5e02\u5546\u5728\u5230\u671f\u524d\u5f8c\u7684\u5c0d\u6c96\u884c\u70ba\u6240\u5e36\u4f86\u7684\u6ce2\u52d5\u653e\u5927\u6548\u61c9\u3002\u91cd\u9ede\u6458\u8981\uff1a\u5230\u671f\u898f\u6a21\u63a5\u8fd190\u5104\u7f8e\u5143\uff0c\u6301\u5009\u5360\u6bd4\u905420% \u6839\u64daGreeks.live\u8cc7\u6599\uff0c\u4eca\u65e5\u5230\u671f\u7684BTC\u671f\u6b0a\u7d0411.6\u842c\u5f35\uff0cPut Call Ratio\u70ba0.76\uff0c\u6700\u5927\u75db\u9ede\u70ba75,000\u7f8e\u5143\uff0c\u540d\u7fa9\u50f9\u503c\u7d0479\u5104\u7f8e\u5143\u3002\u4ee5\u73fe\u8ca8\u5831\u50f9\u7d0468,500\u7f8e\u5143\u8a08\u7b97\uff0cBTC\u76ee\u524d\u4ecd\u660e\u986f\u4f4e\u65bc\u6700\u5927\u75db\u9ede\u5340\u57df\uff0c\u986f\u793a\u671f\u6b0a\u5e02\u5834\u7684\u7d50\u7b97\u58d3\u529b\u8207\u73fe\u8ca8\u50f9\u683c\u5b58\u5728\u8ddd\u96e2\u3002\u53e6\u4e00\u908a\uff0cETH\u671f\u6b0a\u4eca\u65e5\u5230\u671f\u7d0420.6\u842c\u5f35\uff0cPut Call Ratio\u70ba0.77\uff0c\u6700\u5927\u75db\u9ede\u70ba2,200\u7f8e\u5143\uff0c\u540d\u7fa9\u50f9\u503c\u7d049.8\u5104\u7f8e\u5143\uff1bETH\u73fe\u8ca8\u7d042,070\u7f8e\u5143\uff0c\u540c\u6a23\u4f4e\u65bc\u6700\u5927\u75db\u9ede\u3002\u5169\u8005\u5408\u8a08\u7684\u5230\u671f\u91cf\u4e0d\u53ea\u6578\u5b57\u53ef\u89c0\uff0c\u4e5f\u56e0\u5360\u6bd4\u504f\u9ad8\u800c\u66f4\u5bb9\u6613\u5f71\u97ff\u77ed\u671f\u6ce2\u52d5\u7d50\u69cb\u3002\u63a2\u7d22\u66f4\u591a\uff1a\u53f0\u7063\/\u9999\u6e2f\u8cb7\u5e63\u6559\u5b78\uff1a\u6bd4\u7279\u5e63\u4ea4\u6613\u6240\u6392\u540d\u3001\u624b\u7e8c\u8cbb\u6bd4\u8f03\u8207\u9632\u8a50\u6307\u5357\u6700\u5927\u75db\u9ede\u8207\u73fe\u8ca8\u843d\u5dee\uff0c\u727d\u52d5\u7d50\u7b97\u524d\u7684\u62c9\u626f \u6700\u5927\u75db\u9ede\u901a\u5e38\u88ab\u8996\u70ba\u671f\u6b0a\u8cb7\u65b9\u6574\u9ad4\u640d\u5931\u76f8\u5c0d\u8f03\u5927\u3001\u8ce3\u65b9\u76f8\u5c0d\u53d7\u76ca\u7684\u50f9\u683c\u5340\u57df\uff0c\u56e0\u6b64\u5728\u5230\u671f\u524d\u5f8c\uff0c\u5e02\u5834\u5e38\u6703\u89c0\u5bdf\u50f9\u683c\u662f\u5426\u5411\u8a72\u5340\u57df\u9760\u650f\u3002\u4ee5\u76ee\u524d\u6c34\u4f4d\u4f86\u770b\uff0cBTC\u8ddd\u96e275,000\u7f8e\u5143\u4ecd\u6709\u4e00\u6bb5\u7a7a\u9593\uff0cETH\u8ddd\u96e22,200\u7f8e\u5143\u4e5f\u672a\u63a5\u8fd1\u3002\u9019\u7a2e\u843d\u5dee\u610f\u5473\u8457\uff0c\u82e5\u50f9\u683c\u5617\u8a66\u4e0a\u79fb\u4e26\u7a7f\u8d8a\u591a\u500b\u884c\u6b0a\u50f9\u5bc6\u96c6\u5e36\uff0c\u77ed\u7dda\u7684\u5c0d\u6c96\u9700\u6c42\u53ef\u80fd\u589e\u5f37\uff0c\u76e4\u4e2d\u6ce2\u52d5\u4e5f\u53ef\u80fd\u88ab\u653e\u5927\uff1b\u53cd\u4e4b\uff0c\u82e5\u50f9\u683c\u7dad\u6301\u5728\u8f03\u4f4e\u5340\u9593\uff0c\u7d50\u7b97\u58d3\u529b\u53ef\u80fd\u4e3b\u8981\u9ad4\u73fe\u5728\u90e8\u5206\u5009\u4f4d\u7684\u8abf\u6574\u8207\u79fb\u5009\uff0c\u800c\u975e\u55ae\u908a\u5287\u70c8\u63a8\u52d5\u3002\u96b1\u542b\u6ce2\u52d5\u7387\u56de\u5347\uff0c\u60c5\u7dd2\u4fee\u5fa9\u4ecd\u504f\u4fdd\u5b88 Greeks.live\u5206\u6790\u5e2bAdam\u6307\u51fa\uff0c2\u6708\u6574\u9ad4\u5e02\u5834\u6c23\u6c1b\u4ecd\u986f\u4f4e\u8ff7\u3002BTC\u57282\u6708\u521d\u4e00\u5ea6\u4e0b\u63a2\u81f360,062\u7f8e\u5143\uff0c\u903c\u8fd160,000\u7f8e\u5143\u6574\u6578\u95dc\u53e3\uff0c\u4e4b\u5f8c\u591a\u6578\u6642\u9593\u572860,000\u7f8e\u5143\u4e0a\u65b9\u5f31\u52e2\u9707\u76ea\u3002\u8fd12\u5929\u7684\u53cd\u5f48\u5e36\u52d5\u96b1\u542b\u6ce2\u52d5\u7387\u56de\u5347\uff0c\u672c\u9031BTC\u4e3b\u8981\u671f\u9650IV\u7d0447%\uff0cETH\u4e3b\u8981\u671f\u9650IV\u7d0465%\uff0c\u986f\u793a\u50f9\u683c\u4e0b\u8dcc\u659c\u7387\u6709\u6240\u7de9\u548c\uff0c\u4ea4\u6613\u8005\u958b\u59cb\u91cd\u65b0\u70ba\u6ce2\u52d5\u5b9a\u50f9\u3002\u4e0d\u904e\uff0cIV\u4e0a\u5347\u4e0d\u7b49\u65bc\u4fe1\u5fc3\u5b8c\u5168\u56de\u4f86\uff0c\u66f4\u53ef\u80fd\u53cd\u6620\u5e02\u5834\u5c0d\u5230\u671f\u4e8b\u4ef6\u8207\u77ed\u7dda\u6ce2\u52d5\u7684\u518d\u8a55\u4f30\uff0c\u8cc7\u91d1\u614b\u5ea6\u4ecd\u504f\u8b39\u614e\u3002\u770b\u6f32\u5408\u7d04\u6210\u4ea4\u5360\u512a\uff0c\u6284\u5e95\u529b\u91cf\u6d6e\u73fe \u5728\u6210\u4ea4\u7d50\u69cb\u4e0a\uff0c\u5927\u5b97\u770b\u6f32\u671f\u6b0a\u6210\u70ba\u8fd1\u671f\u4e3b\u529b\u3002Adam\u63d0\u5230\uff0c\u6628\u65e5\u53cd\u5f48\u4e4b\u5f8c\uff0c\u4e2d\u9060\u671f\u770b\u6f32\u5408\u7d04\u6210\u4ea4\u660e\u986f\u6e67\u73fe\uff0c\u8207\u6b64\u540c\u6642Skew\u4e5f\u5168\u9762\u53cd\u5f48\uff0c\u4ee3\u8868\u5e02\u5834\u5c0d\u672a\u4f86\u50f9\u683c\u5206\u5e03\u7684\u504f\u597d\u6b63\u5728\u7531\u904e\u5ea6\u9632\u5b88\u8f49\u5411\u5617\u8a66\u9032\u653b\u3002\u9019\u7a2e\u8b8a\u5316\u901a\u5e38\u610f\u5473\u8457\uff0c\u90e8\u5206\u8cc7\u91d1\u958b\u59cb\u7528\u671f\u6b0a\u65b9\u5f0f\u5efa\u7acb\u5411\u4e0a\u66dd\u96aa\uff0c\u4ee5\u8f03\u53ef\u63a7\u7684\u6210\u672c\u5e03\u5c40\u53cd\u5f48\u7a7a\u9593\uff1b\u76f8\u8f03\u65bc\u76f4\u63a5\u8ffd\u50f9\u73fe\u8ca8\uff0c\u671f\u6b0a\u66f4\u5bb9\u6613\u5448\u73fe\u300c\u5148\u8a66\u6c34\u6eab\u300d\u7684\u8cc7\u91d1\u8a9e\u8a00\uff0c\u56e0\u6b64\u4e5f\u88ab\u89e3\u8b80\u70ba\u6284\u5e95\u529b\u91cf\u9010\u6b65\u6d6e\u73fe\u3002\u5118\u7ba1\u770b\u6f32\u671f\u6b0a\u7684\u6210\u4ea4\u71b1\u5ea6\u56de\u5347\uff0cAdam\u4ecd\u5f37\u8abf\u5e02\u5834\u4ecd\u8655\u718a\u5e02\u968e\u6bb5\u3002\u5176\u6838\u5fc3\u7406\u7531\u5728\u65bc\u7f3a\u4e4f\u65b0\u589e\u8cc7\u91d1\u6d41\u5165\uff0c\u4e5f\u6c92\u6709\u8db3\u4ee5\u51dd\u805a\u4ea4\u6613\u71b1\u5ea6\u7684\u660e\u78ba\u4e3b\u7dda\uff0c\u60b2\u89c0\u8ad6\u8abf\u5728\u793e\u7fa4\u5a92\u9ad4\u6301\u7e8c\u64f4\u6563\u3002\u5728\u9019\u7a2e\u80cc\u666f\u4e0b\uff0c\u77ed\u7dda\u53cd\u5f48\u66f4\u50cf\u662f\u6280\u8853\u6027\u4fee\u5fa9\u8207\u90e8\u4f4d\u518d\u5e73\u8861\uff0c\u800c\u975e\u8da8\u52e2\u6027\u7ffb\u591a\u7684\u5b9a\u9328\u3002\u63db\u8a00\u4e4b\uff0c\u6284\u5e95\u529b\u91cf\u53ef\u4ee5\u5b58\u5728\uff0c\u4f46\u4e0d\u5fc5\u7136\u7b49\u540c\u65bc\u5e95\u90e8\u5df2\u78ba\u8a8d\uff0c\u771f\u6b63\u7684\u6050\u614c\u5f0f\u51fa\u6e05\u60c5\u7dd2\u53ef\u80fd\u4ecd\u672a\u5b8c\u5168\u5230\u4f4d\u3002\u5230\u671f\u524d\u5f8c\u7684Gamma\u5c0d\u6c96\uff0c\u53ef\u80fd\u653e\u5927\u76e4\u4e2d\u6ce2\u52d5 \u7576\u73fe\u8ca8\u50f9\u683c\u63a5\u8fd1\u5927\u91cf\u884c\u6b0a\u50f9\u805a\u96c6\u5340\u57df\u6642\uff0c\u9020\u5e02\u5546\u7684Gamma\u5c0d\u6c96\u5f80\u5f80\u6703\u52a0\u5287\u77ed\u671f\u9707\u76ea\u3002\u82e5\u50f9\u683c\u671d\u6700\u5927\u75db\u9ede\u65b9\u5411\u9760\u650f\uff0c\u5c0d\u671f\u6b0a\u8ce3\u65b9\u800c\u8a00\u901a\u5e38\u8f03\u6709\u5229\uff0c\u4f46\u5728\u5feb\u901f\u7a7f\u8d8a\u591a\u500b\u884c\u6b0a\u50f9\u7684\u904e\u7a0b\u4e2d\uff0c\u4e5f\u53ef\u80fd\u51fa\u73fe\u77ed\u66ab\u7684\u6025\u62c9\u884c\u60c5\uff0c\u7279\u5225\u662f\u5728\u6d41\u52d5\u6027\u4e0d\u8db3\u6216\u69d3\u687f\u90e8\u4f4d\u64c1\u64e0\u6642\u66f4\u70ba\u660e\u986f\u3002\u4eca\u65e5\u96c6\u4e2d\u5230\u671f\u7684\u898f\u6a21\u8f03\u5927\uff0c\u4f7f\u5f97\u5230\u671f\u524d\u5f8c\u7684\u5c0d\u6c96\u8abf\u6574\u3001\u79fb\u5009\u8207\u7d50\u7b97\u884c\u70ba\u66f4\u503c\u5f97\u95dc\u6ce8\uff0c\u77ed\u7dda\u98a8\u96aa\u4e3b\u8981\u9ad4\u73fe\u5728\u6ce2\u52d5\u7a81\u7136\u653e\u5927\u800c\u975e\u55ae\u4e00\u65b9\u5411\u7684\u53ef\u9810\u6e2c\u6027\u3002\u7d50\u8ad6\uff1a\u53cd\u5f48\u8a0a\u865f\u5b58\u5728\u4f46\u5e95\u90e8\u672a\u5fc5\u78ba\u8a8d \u4eca\u65e5BTC\u7d0411.6\u842c\u5f35\u8207ETH\u7d0420.6\u842c\u5f35\u671f\u6b0a\u96c6\u4e2d\u5230\u671f\uff0c\u5408\u8a08\u540d\u7fa9\u50f9\u503c\u8fd190\u5104\u7f8e\u5143\uff0c\u4e14\u6700\u5927\u75db\u9ede\u5206\u5225\u4f4d\u65bc75,000\u7f8e\u5143\u82072,200\u7f8e\u5143\uff0c\u8207\u73fe\u8ca8\u50f9\u4ecd\u6709\u8ddd\u96e2\u3002\u96b1\u542b\u6ce2\u52d5\u7387\u56de\u5347\u8207\u770b\u6f32\u671f\u6b0a\u653e\u91cf\uff0c\u8aaa\u660e\u6284\u5e95\u8cc7\u91d1\u958b\u59cb\u6d3b\u8e8d\uff0c\u4f46\u5728\u7f3a\u4e4f\u65b0\u589e\u8cc7\u91d1\u8207\u5e02\u5834\u4e3b\u7dda\u4e0d\u660e\u7684\u74b0\u5883\u4e0b\uff0c\u718a\u5e02\u6846\u67b6\u4ecd\u672a\u9b06\u52d5\u3002\u5230\u671f\u524d\u5f8c\u7684Gamma\u5c0d\u6c96\u53ef\u80fd\u653e\u5927\u76e4\u4e2d\u9707\u76ea\uff0c\u4f7f\u77ed\u7dda\u8d70\u52e2\u66f4\u654f\u611f\uff1b\u56e0\u6b64\uff0c\u9019\u6b21\u7d50\u7b97\u66f4\u50cf\u662f\u4e00\u500b\u6ce2\u52d5\u7a97\u53e3\uff0c\u800c\u975e\u5ba3\u544a\u5e95\u90e8\u5b8c\u6210\u7684\u5b9a\u8ad6\u3002\u63a2\u7d22\u66f4\u591a\uff1a2026\u6700\u4f73\u52a0\u5bc6\u8ca8\u5e63\u9810\u552e\u9805\u76ee<\/p>\n","protected":false},"author":174,"featured_media":1010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[104,39,125,38,56],"editors":[36],"sponsored_companies":[],"class_list":{"0":"post-1009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-news","8":"tag-btc","9":"tag-eth","10":"tag-yi-tai-fang","12":"tag-bi-te-bi","13":"editors-mark-mak"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u8fd190\u5104\u7f8e\u5143BTC\u8207ETH\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790<\/title>\n<meta name=\"description\" content=\"\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\u3002\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u8fd190\u5104\u7f8e\u5143BTC\u8207ETH\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790\" \/>\n<meta property=\"og:description\" content=\"\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoNews \u7e41\u9ad4\u4e2d\u6587\u7248|\u52a0\u5bc6\u8ca8\u5e63\u65b0\u805e\u3001\u6bd4\u7279\u5e63\u8207\u5340\u584a\u93c8\u884c\u60c5\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-28T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"\u8fd190\u5104\u7f8e\u5143BTC\u8207ETH\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790\" \/>\n<meta name=\"twitter:description\" content=\"\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\u3002\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u8fd190\u5104\u7f8e\u5143BTC\u8207ETH\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790","description":"\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\u3002","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/","og_locale":"zh_CN","og_type":"article","og_title":"\u8fd190\u5104\u7f8e\u5143BTC\u8207ETH\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790","og_description":"\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\u3002","og_url":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/","og_site_name":"CryptoNews \u7e41\u9ad4\u4e2d\u6587\u7248|\u52a0\u5bc6\u8ca8\u5e63\u65b0\u805e\u3001\u6bd4\u7279\u5e63\u8207\u5340\u584a\u93c8\u884c\u60c5","article_published_time":"2026-02-28T05:00:00+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_title":"\u8fd190\u5104\u7f8e\u5143BTC\u8207ETH\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790","twitter_description":"\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\u3002","twitter_image":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/#article","isPartOf":{"@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/"},"author":{"name":"amandawong","@id":"https:\/\/cryptonews.com\/tw\/#\/schema\/person\/f4293d9e0ebcc5632c1d293a8bf58cdf"},"headline":"\u8fd190\u5104\u7f8e\u5143\u6bd4\u7279\u5e63\u8207\u4e59\u592a\u574a\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790","datePublished":"2026-02-28T05:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/"},"wordCount":37,"image":{"@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg","keywords":["BTC","ETH","\u4e59\u592a\u574a","\u4ee5\u592a\u574a","\u6bd4\u7279\u5e63"],"articleSection":["\u5373\u6642\u65b0\u805e"],"inLanguage":"zh-CN","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/cryptonews.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/","url":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/","name":"\u8fd190\u5104\u7f8e\u5143BTC\u8207ETH\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790","isPartOf":{"@id":"https:\/\/cryptonews.com\/tw\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/#primaryimage"},"image":{"@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg","datePublished":"2026-02-28T05:00:00+00:00","author":[],"description":"\u52a0\u5bc6\u671f\u6b0a\u5e02\u5834\u5728\u6628\u65e5\uff0827\u65e5\uff09\u8fce\u4f86\u4e00\u500b\u91cd\u8981\u7d50\u7b97\u7bc0\u9ede\uff0cBTC\u8207ETH\u5408\u8a08\u8fd190\u5104\u7f8e\u5143\u540d\u7fa9\u50f9\u503c\u7684\u5408\u7d04\u96c6\u4e2d\u5230\u671f\uff0c\u898f\u6a21\u7d04\u5360Deribit\u7e3d\u6301\u5009\u768420%\u3002\u5230\u671f\u91cf\u80fd\u4e00\u65e6\u96c6\u4e2d\u91cb\u653e\uff0c\u5f80\u5f80\u6703\u8b93\u77ed\u7dda\u50f9\u683c\u66f4\u5bb9\u6613\u51fa\u73fe\u6025\u62c9\u6025\u6bba\u3002","breadcrumb":{"@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/#breadcrumb"},"inLanguage":"zh-CN","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/"]}]},{"@type":"ImageObject","inLanguage":"zh-CN","@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/#primaryimage","url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg","contentUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/28\/2026\/02\/27132232\/image-49.jpeg","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.com\/tw\/news\/9b-btc-eth-options-expiry-max-pain-implied-volatility-bear-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.com\/tw\/"},{"@type":"ListItem","position":2,"name":"\u8fd190\u5104\u7f8e\u5143\u6bd4\u7279\u5e63\u8207\u4e59\u592a\u574a\u671f\u6b0a\u5230\u671f\uff1a\u6700\u5927\u75db\u9ede\u3001\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u718a\u5e02\u5e95\u90e8\u8a0a\u865f\u89e3\u6790"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.com\/tw\/#website","url":"https:\/\/cryptonews.com\/tw\/","name":"CryptoNews \u7e41\u9ad4\u4e2d\u6587\u7248|\u52a0\u5bc6\u8ca8\u5e63\u65b0\u805e\u3001\u6bd4\u7279\u5e63\u8207\u5340\u584a\u93c8\u884c\u60c5","description":"CryptoNews \u7e41\u9ad4\u4e2d\u6587\u7248\u63d0\u4f9b\u5168\u7403\u6700\u5373\u6642\u7684\u52a0\u5bc6\u8ca8\u5e63\u8207\u865b\u64ec\u8ca8\u5e63\u65b0\u805e\u3002\u6db5\u84cb\u6bd4\u7279\u5e63\u884c\u60c5\u3001\u4ee5\u592a\u574a\u8d70\u52e2\u53ca\u5340\u584a\u93c8\u6280\u8853\u6df1\u5ea6\u5206\u6790\u3002\u5c08\u70ba\u8b80\u8005\u6253\u9020\uff0c\u638c\u63e1\u5e63\u5708\u6295\u8cc7\u5148\u6a5f\u3002","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.com\/tw\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-CN"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/posts\/1009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/users\/174"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/comments?post=1009"}],"version-history":[{"count":3,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/posts\/1009\/revisions"}],"predecessor-version":[{"id":1022,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/posts\/1009\/revisions\/1022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/media\/1010"}],"wp:attachment":[{"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/media?parent=1009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/categories?post=1009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/tags?post=1009"},{"taxonomy":"editors","embeddable":true,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/editors?post=1009"},{"taxonomy":"sponsored_companies","embeddable":true,"href":"https:\/\/cryptonews.com\/tw\/wp-json\/wp\/v2\/sponsored_companies?post=1009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}