比特币再度跌破9万美元关口 交易员押注短期或继续横盘

Group 1 - Bitcoin options market indicates traders are betting on continued range-bound movement in the short term, following a significant decline that has led to over $1 trillion evaporation in the overall crypto market [1] - Bitcoin price dropped over 4% to $88,069, maintaining nearly 60% of the total market capitalization of cryptocurrencies [1] - The open interest in near-term contracts expiring in late December is significantly higher than that of long-term contracts, reflecting traders' strategy to sell short-term options to earn premiums, anticipating low volatility [1] Group 2 - Earlier this year, Bitcoin reached a record high of $126,000, but subsequent declines driven by forced liquidations and waning retail interest have led to a comprehensive market correction [1] - Institutional funds have not returned during this consolidation period, with BlackRock's iShares Bitcoin Trust experiencing its longest period of outflows since inception, totaling over $2.7 billion in the past five weeks [1] - Bitcoin's performance this year has lagged behind the S&P 500 for the first time in over a decade, indicating a significant divergence from other risk assets [3] Group 3 - The derivatives market shows increasingly pessimistic sentiment, with the funding rate for Bitcoin perpetual contracts turning negative, indicating that short sellers must pay long holders to maintain their positions [6] - Ethereum options traders are continuously increasing their downside protection positions, while bullish bets remain cautious, reflecting a bearish outlook [6] - Trading activity on decentralized exchanges has significantly declined, with volumes on platforms like Hyperliquid not recovering since a historic liquidation event on October 10, indicating weak investor confidence in altcoins [6]