{"id":6537,"date":"2026-03-15T08:07:16","date_gmt":"2026-03-15T00:07:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=6537"},"modified":"2026-03-15T08:07:16","modified_gmt":"2026-03-15T00:07:16","slug":"%e3%80%8c-120-%e4%ba%bf%e7%be%8e%e5%85%83%e6%af%94%e7%89%b9%e5%b8%81%e9%80%89%e6%8b%a9%e6%9d%83%e3%80%8d%e5%b0%86%e5%88%b0%e6%9c%9f%ef%bc%8c%e4%bc%9a%e5%86%b2%e5%87%bb%e5%b8%82%e5%9c%ba%e5%90%97","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=6537","title":{"rendered":"\u300c 120 \u4ebf\u7f8e\u5143\u6bd4\u7279\u5e01\u9009\u62e9\u6743\u300d\u5c06\u5230\u671f\uff0c\u4f1a\u51b2\u51fb\u5e02\u573a\u5417\uff1f\u5206\u6790\u5e08\u8fd9\u4e48\u8bf4"},"content":{"rendered":"

\u4ef7\u503c 120 \u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u9009\u62e9\u6743\u5c06\u5728\u4eca\uff0828\uff09\u65e5\u5230\u671f\uff0c\u8fd9\u4e5f\u662f\u884d\u751f\u54c1\u4ea4\u6613\u6240 Deribit \u5386\u6765\u6240\u89c1\u6700\u5927\u5355\u5b63\u5230\u671f\u89c4\u6a21\u4e4b\u4e00\uff0c\u4e0d\u8fc7\u8be5\u4ea4\u6613\u6240\u6267\u884c\u957f Luuk Strijers \u8ba4\u4e3a\uff0c\u5e02\u573a\u9707\u8361\u5e45\u5ea6\u53ef\u80fd\u4e0d\u4f1a\u5982\u5916\u754c\u9884\u671f\u90a3\u4e48\u5267\u70c8\u3002
\n
<\/p>\n

\u4ef7\u503c 120 \u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u9009\u62e9\u6743\u5c06\u5728\u4eca\uff0828\uff09\u65e5\u5230\u671f\uff0c\u8fd9\u4e5f\u662f\u884d\u751f\u54c1\u4ea4\u6613\u6240 Deribit \u5386\u6765\u6240\u89c1\u6700\u5927\u5355\u5b63\u5230\u671f\u89c4\u6a21\u4e4b\u4e00\uff0c\u4e0d\u8fc7\u8be5\u4ea4\u6613\u6240\u6267\u884c\u957f Luuk Strijers \u8ba4\u4e3a\uff0c\u5e02\u573a\u9707\u8361\u5e45\u5ea6\u53ef\u80fd\u4e0d\u4f1a\u5982\u5916\u754c\u9884\u671f\u90a3\u4e48\u5267\u70c8\u3002<\/p>\n

\u8fd9\u6b21\u5230\u671f\u7684\u5408\u7ea6\u89c4\u6a21\u751a\u949c\uff0c\u5149\u662f\u5728 Deribit \u4e0a\uff0c3 \u6708 28 \u65e5\u5230\u671f\u7684\u5408\u7ea6\u5c31\u5360\u8be5\u5e73\u53f0\u672a\u5e73\u4ed3\u9009\u62e9\u6743\u5408\u7ea6\u7684 45% \u3002<\/p>\n

\u76ee\u524d\uff0cDeribit \u7684\u6bd4\u7279\u5e01\u9009\u62e9\u6743\u672a\u5e73\u4ed3\u603b\u989d\u8fbe 270 \u4ebf\u7f8e\u5143\uff0c\u300c\u5356\u6743\u4e0e\u4e70\u6743\u6bd4\u7387\uff08Put\/Call Ratio\uff09\u300d\u4e3a 0.52\uff0c\u7565\u5fae\u503e\u5411\u60b2\u89c2\u3002<\/p>\n

\u4e70\u6743\u8ba9\u4e70\u65b9\u6709\u4ee5\u5c65\u7ea6\u4ef7\u884c\u4f7f\u4e70\u8fdb\u7684\u6743\u5229\uff0c\u4f46\u4e0d\u4f1a\u5f3a\u5236\u4ed6\u4eec\u5728\u9009\u62e9\u6743\u5230\u671f\u524d\uff0c\u4ee5\u8bbe\u5b9a\u597d\u7684\u4ef7\u683c\u4e70\u8fdb\u8d44\u4ea7\u3002\u901a\u5e38\u800c\u8a00\uff0c\u4ea4\u6613\u4eba\u58eb\u5728\u9884\u671f\u4ef7\u683c\u4e0a\u6da8\u65f6\u4f1a\u4e70\u8fdb\u8fd9\u4e9b\u5408\u7ea6\uff1b\u5356\u6743\u5219\u662f\u5141\u8bb8\u4ea4\u6613\u4eba\u58eb\u5728\u5230\u671f\u524d\u4ee5\u8bbe\u5b9a\u597d\u7684\u4ef7\u683c\u5356\u51fa\u8d44\u4ea7\uff0c\u901a\u5e38\u662f\u5728\u9884\u671f\u4ef7\u683c\u4f1a\u4e0b\u8dcc\u65f6\u6240\u4f7f\u7528\u3002<\/p>\n

\u65b0\u52a0\u5761\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u5e73\u53f0 QCP Capital \u5206\u6790\u5e08\u8ba4\u4e3a\uff0c85,000 \u7f8e\u5143\u662f\u6bd4\u7279\u5e01\u7684\u300c\u6700\u5927\u75db\u82e6\u70b9\u300d\u3002\u622a\u81f3\u5199\u7a3f\uff0c\u6bd4\u7279\u5e01\u4e0b\u8dcc\u8d85\u8fc7 1.8%\uff0c\u62a5 85,892.81 \u7f8e\u5143\u3002<\/p>\n

\u4f46\u622a\u81f3\u76ee\u524d\uff0c\u5404\u9879\u6307\u6807\u90fd\u663e\u793a\uff0c\u884d\u751f\u54c1\u4ea4\u6613\u4eba\u58eb\u4e0d\u592a\u53ef\u80fd\u4f1a\u906d\u9047\u6700\u5927\u7684\u82e6\u75db\u3002 Deribit \u6267\u884c\u957f Luuk Strijers \u8868\u793a\uff1a<\/p>\n

Deribit DVOL \u76ee\u524d\u4e3a 47\uff0c\u662f\u76f8\u5bf9\u8f83\u4f4e\uff0c\u5927\u7ea6\u548c 2024 \u5e74 2 \u6708\u5e95\u548c 8 \u6708\u5e95\u7684\u6c34\u51c6\u5dee\u4e0d\u591a\uff0c\u8fd9\u4ee3\u8868\u9690\u542b\u6ce2\u52a8\u7387\u8f83\u4f4e\uff0c\u5bf9\u4ef7\u683c\u5267\u70c8\u6ce2\u52a8\u7684\u9884\u671f\u6709\u9650\u3002<\/p>\n

\"\"<\/p>\n

Deribit \u9690\u542b\u6ce2\u52a8\u7387\u6307\u6570\uff08DVOL\uff09\u5229\u7528\u9009\u62e9\u6743\u5e02\u573a\u7684\u5f53\u524d\u6d3b\u52a8\uff0c\u6765\u9884\u6d4b\u672a\u6765 30 \u5929\u7684\u4ef7\u683c\u6ce2\u52a8\u3002<\/p>\n

\u8fd9\u4e5f\u5c31\u662f\u76f8\u5f53\u4e8e\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u5e01\u7248\u672c\u7684\u300c\u7f8e\u80a1\u6050\u614c\u6307\u6570\u300d\u2014\u2014 \u829d\u52a0\u54e5\u9009\u62e9\u6743\u4ea4\u6613\u6240\u6ce2\u52a8\u7387\u6307\u6570\uff08VIX\uff09\u3002 VIX \u6050\u614c\u6307\u6570\u662f\u57fa\u4e8e\u6807\u666e 500 \u6307\u6570\u9009\u62e9\u6743\uff0c\u6765\u8bc4\u4f30\u80a1\u5e02\u9884\u671f\u6ce2\u52a8\u7a0b\u5ea6\u3002<\/p>\n

Luuk Strijers \u63d0\u51fa\u7684\u89c2\u70b9\uff0c\u662f\u5728\u7f8e\u56fd\u603b\u7edf\u5ddd\u666e\u5468\u4e09\u5ba3\u5e03 25% \u6c7d\u8f66\u5173\u7a0e\u4e4b\u524d\uff0c\u4e0d\u8fc7\u5c31\u7b97\u662f\u5728\u51fa\u73b0\u610f\u6599\u5916\u7684\u603b\u7ecf\u6d88\u606f\u540e\uff0cDVOL \u6307\u6570\u4ecd\u4e0b\u6ed1\u81f3 46 \u3002<\/p>\n

Luuk Strijers \u8868\u793a\uff1a\u300c\u5728\u66f4\u5e7f\u6cdb\u7684\u5e02\u573a\u4e2d\uff0c\u5173\u4e8e\u7f8e\u56fd\u5173\u7a0e\u7684\u4e0d\u786e\u5b9a\u6027\u4ecd\u7136\u5f88\u9ad8\uff0c\u6b20\u7f3a\u6e05\u6670\u5ea6\u5bfc\u81f4\u80a1\u5e02\u7d27\u5f20\uff0c\u800c\u7f8e\u5143\u548c\u9ec4\u91d1\u4ef7\u683c\u4f9d\u7136\u5728\u9ad8\u6863\u3002\u300d<\/p>\n

\u4ed6\u8fd8\u6307\u51fa\uff0c\u5148\u524d\u5df2\u7ecf\u5012\u95ed\u7684\u4ea4\u6613\u6240 Mt. Gox \u672c\u6708\u5df2\u7ecf\u4e09\u5ea6\u8f6c\u79fb\u300c\u5927\u91cf\u300d\u6bd4\u7279\u5e01\uff0c\u5176\u4e2d\u4e00\u90e8\u5206\u6d41\u5411 Kraken \u3002 Glassnode \u5206\u6790\u5e08\u8868\u793a\uff0c\u94fe\u4e0a\u5c11\u6709\u8bc1\u636e\u663e\u793a\u503a\u6743\u4eba\u507f\u4ed8\u5c06\u91cd\u65b0\u5c55\u5f00\uff0c\u4f46\u4ecd\u6709\u673a\u4f1a\u3002<\/p>\n

Kaiko \u7814\u7a76\u5206\u6790\u5e08 Adam McCarthy \u8ba4\u540c\u8fd9\u6837\u7684\u89c2\u70b9\uff0c\u4ed6\u8bf4\uff0c\u5c3d\u7ba1\u4eca\u65e5\u6bd4\u7279\u5e01\u9009\u62e9\u6743\u5230\u671f\u7684\u6570\u91cf\u5e9e\u5927\uff0c\u4f46\u4ed6\u4e0d\u8ba4\u4e3a\u4f1a\u51fa\u73b0\u6781\u7aef\u7684\u4ef7\u683c\u6ce2\u52a8\u8d70\u52bf\uff0c\u300c\u8fd9\u662f\u903e\u4e00\u5e74\u6765\u6211\u4eec\u9996\u5ea6\u8fdb\u5165\u4e00\u4e2a\u5c11\u6709\u88ab\u754c\u5b9a\u98ce\u9669\u4e8b\u4ef6\u7684\u5b63\u8282\u300d\u3002<\/p>\n

\"\"<\/p>\n

Adam McCarthy \u8868\u793a\uff0c\u5728 2024 \u5e74\u6709\u5927\u91cf\u9690\u542b\u6ce2\u52a8\u7ed3\u6784\u9006\u8f6c\u60c5\u51b5\uff0c\u4f8b\u5982\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u5e01\u73b0\u8d27\u00a0 ETF \u7684\u63a8\u51fa\u3001\u7b2c 4 \u6b21\u6bd4\u7279\u5e01\u51cf\u534a\uff0c\u4ee5\u53ca\u53bb\u5e74 11 \u6708\u7684\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u3002<\/p>\n

\u901a\u5e38\uff0c\u8f83\u957f\u671f\u5230\u671f\u671f\u9650\u7684\u9009\u62e9\u6743\uff0c\u6709\u8f83\u9ad8\u7684\u9690\u542b\u6ce2\u52a8\uff0c\u56e0\u4e3a\u4e0d\u786e\u5b9a\u6027\u7684\u7a7a\u95f4\u8f83\u591a\uff1b\u4f46\u5728\u9006\u8f6c\u7684\u60c5\u51b5\u4e0b\uff0c\u77ed\u671f\u9009\u62e9\u6743\u5c55\u73b0\u6bd4\u957f\u671f\u9009\u62e9\u6743\u8f83\u9ad8\u7684\u9690\u542b\u6ce2\u52a8\u3002 Adam McCarthy \u8868\u793a\uff1a<\/p>\n

\u968f\u8457\u6211\u4eec\u8fdb\u5165\u7b2c 2 \u5b63\uff0c\u4e24\u79cd\u4e3b\u8981\u8d44\u4ea7\u7684\u7ed3\u6784\u90fd\u6b63\u5e38\uff0c\u73b0\u5728\u8fd8\u6ca1\u6709\u91cd\u5927\u98ce\u9669\u4e8b\u4ef6\u88ab\u7eb3\u5165\u5b9a\u4ef7\u4e2d\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4ef7\u503c 120 \u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u9009\u62e9\u6743\u5c06\u5728\u4eca\uff0828\uff09\u65e5\u5230\u671f\uff0c\u8fd9\u4e5f\u662f\u884d\u751f\u54c1\u4ea4\u6613\u6240 Deribit \u5386\u6765\u6240\u89c1\u6700\u5927\u5355\u5b63\u5230…<\/p>\n","protected":false},"author":3,"featured_media":5985,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-6537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/6537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6537"}],"version-history":[{"count":1,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/6537\/revisions"}],"predecessor-version":[{"id":9109,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/6537\/revisions\/9109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}