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glassnode:BTC 期权波动率显著回升,短期看跌对冲需求减弱


 glassnode:BTC 期权波动率显著回升,短期看跌对冲需求减弱

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ChainCatcher 消息,glassnode 发文指出,比特币突破阻力进入 82,000-83,000 美元区间后,市场波动率明显回升。期权数据显示,前段隐含波动率(IV)自 2025 年 10 月低点大幅反弹,其中 1 周 IV 上升 6 个点,短期期权需求回暖。25D 偏度(Skew)持续向中性压缩,看跌对冲需求减弱。

波动率风险溢价(VRP)由负转正,期权定价的未来波动已高于现货已实现波动率。同时,82,000 美元附近存在近 20 亿美元的短期伽马空头集群,交易商对冲行为或放大当前价格波动。

过去 24 小时,卖出看涨期权占交易流的 81%,显示部分交易者开始兑现涨幅,整体仓位倾向于盘整而非恐慌性对冲。

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