{"id":557,"date":"2026-03-01T10:12:32","date_gmt":"2026-03-01T02:12:32","guid":{"rendered":"http:\/\/okx.biquan123.com\/blog\/?p=557"},"modified":"2026-03-01T10:16:57","modified_gmt":"2026-03-01T02:16:57","slug":"%e6%af%94%e7%89%b9%e5%b8%81%e8%a1%8d%e7%94%9f%e5%93%81%e8%a7%a3%e9%87%8a%ef%bc%9a%e5%88%b0%e6%9c%9f%e6%9c%9f%e8%b4%a7%e3%80%81%e6%b0%b8%e7%bb%ad%e6%9c%9f%e8%b4%a7%e5%92%8c%e6%9c%9f%e6%9d%83","status":"publish","type":"post","link":"http:\/\/okx.biquan123.com\/blog\/?p=557","title":{"rendered":"\u6bd4\u7279\u5e01\u884d\u751f\u54c1\u89e3\u91ca\uff1a\u5230\u671f\u671f\u8d27\u3001\u6c38\u7eed\u671f\u8d27\u548c\u671f\u6743"},"content":{"rendered":"<p><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/d\/derivative.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u884d\u751f\u54c1<\/span><\/a><span dir=\"auto\">\u662f\u53ef\u4ea4\u6613\u7684\u5408\u7ea6\uff0c\u5176\u4ef7\u503c\u6e90\u4e8e\u6807\u7684\u8d44\u4ea7\u3002\u5c31\u52a0\u5bc6\u8d27\u5e01\u884d\u751f\u54c1\u800c\u8a00\uff0c\u6807\u7684\u8d44\u4ea7\u901a\u5e38\u4e3a\u6bd4\u7279\u5e01\uff08BTC\uff09\u6216\u5176\u4ed6\u4e3b\u6d41\u52a0\u5bc6\u8d27\u5e01\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e00\u822c\u6765\u8bf4\uff0c\u884d\u751f\u54c1\u662f\u590d\u6742\u7684\u3001\u901a\u5e38\u5177\u6709\u9ad8\u98ce\u9669\u7684\u91d1\u878d\u5de5\u5177\uff0c\u53ef\u7528\u4e8e\u901a\u8fc7<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.fool.com\/knowledge-center\/what-is-hedging.aspx\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u5bf9\u51b2<\/span><\/a><span dir=\"auto\">\u6765\u7ba1\u7406\u98ce\u9669\u3002<\/span><\/p>\n<h2 id=\"1\"><span dir=\"auto\">\u4f20\u7edf\u884d\u751f\u54c1<\/span><\/h2>\n<p><span dir=\"auto\">\u867d\u7136\u4f20\u7edf\u5e02\u573a\u6570\u5343\u5e74\u6765\u4e00\u76f4\u5728\u4f7f\u7528\u5404\u79cd\u5f62\u5f0f\u7684\u884d\u751f\u54c1\uff0c\u4f46\u5176\u73b0\u4ee3\u54c1\u79cd\u53ef\u4ee5\u8ffd\u6eaf\u5230 20 \u4e16\u7eaa 70 \u5e74\u4ee3\u548c 80 \u5e74\u4ee3\uff0c\u5f53\u65f6\u829d\u52a0\u54e5\u5546\u54c1\u4ea4\u6613\u6240\u548c\u829d\u52a0\u54e5\u671f\u8d27\u4ea4\u6613\u6240\u63a8\u51fa\u4e86\u5230\u671f\u671f\u8d27\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6700\u5e38\u89c1\u7684\u884d\u751f\u54c1\u7c7b\u578b\u5305\u62ec\u671f\u8d27\u3001\u8fdc\u671f\u5408\u7ea6\u548c\u671f\u6743\uff0c\u5b83\u4eec\u57fa\u4e8e\u5404\u79cd\u8d44\u4ea7\uff0c\u5305\u62ec\u80a1\u7968\u3001\u8d27\u5e01\u3001\u503a\u5238\u548c\u5546\u54c1\u3002\u9274\u4e8e\u76ee\u524d\u884d\u751f\u54c1\u7684\u6570\u91cf\u4e4b\u591a\uff0c\u5176\u5e02\u573a\u89c4\u6a21\u96be\u4ee5\u786e\u5b9a\uff0c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/ask\/answers\/052715\/how-big-derivatives-market.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4f30\u8ba1<\/span><\/a><span dir=\"auto\">\u89c4\u6a21\u4ece\u6570\u4e07\u4ebf\u7f8e\u5143\u5230\u6570\u5343\u4e07\u4ebf\u7f8e\u5143\u4e0d\u7b49\u3002<\/span><\/p>\n<h2 id=\"2\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u671f\u8d27<\/span><\/h2>\n<p><span dir=\"auto\">\u5728\u52a0\u5bc6\u8d27\u5e01\u884d\u751f\u54c1\u4e2d\uff0c\u6bd4\u7279\u5e01\u671f\u8d27\u6700\u5148\u8fdb\u5165\u4e3b\u6d41\u5e02\u573a\uff0c\u5e76\u4e14\u81f3\u4eca\u4ecd\u662f\u4ea4\u6613\u91cf\u6700\u5927\u7684\u4ea7\u54c1\u3002\u65e9\u57282012\u5e74\uff0c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/trade-spot\/btc-usdt\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u671f\u8d27\u5c31\u5df2\u5728<\/span><\/a><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/en.bitcoin.it\/wiki\/ICBIT\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u5c0f\u578b\u5e73\u53f0<\/span><\/a><span dir=\"auto\">\u4e0a\u4ea4\u6613\uff0c\u4f46<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.coindesk.com\/okcoins-bitcoin-futures-trading-aims-combat-price-volatility-risk\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u76f4\u52302014\u5e74<\/span><\/a><span dir=\"auto\">\uff0c\u4e0d\u65ad\u589e\u957f\u7684\u9700\u6c42\u624d\u4fc3\u4f7f\u829d\u52a0\u54e5\u5546\u54c1\u4ea4\u6613\u6240\u96c6\u56e2\uff08CME Group Inc\uff09\u548c\u829d\u52a0\u54e5\u671f\u6743\u4ea4\u6613\u6240\u5168\u7403\u5e02\u573a\uff08Cboe Global Markets Inc\uff09\u7b49\u5927\u578b\u4ea4\u6613\u6240\u7eb7\u7eb7<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u6548\u4eff<\/span><\/a><span dir=\"auto\">\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5982\u4eca\uff0c\u6bd4\u7279\u5e01\u671f\u8d27\u662f\u8be5\u9886\u57df\u6700\u53d7\u6b22\u8fce\u7684\u4ea4\u6613\u5de5\u5177\u4e4b\u4e00\uff0cOKX \u7b49\u9876\u7ea7\u4ea4\u6613\u6240\u7684\u6bcf\u65e5\u4ea4\u6613\u91cf\u8fbe\u6570\u5341\u4ebf\u7f8e\u5143\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"BTC\u671f\u8d27\u65e5\u4ea4\u6613\u91cf\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/5wWwUiM0n96OppBzq0Amrb\/3d5854f38b69fb827aa143b3d6cbd0c6\/volume-of-bitcoin-futures-monthly.png?x-oss-process=image\/resize,w_2401,h_1260\/format,webp\" alt=\"BTC\u671f\u8d27\u65e5\u4ea4\u6613\u91cf\" width=\"2401\" height=\"1260\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u8d44\u6599\u6765\u6e90\uff1atheblock.co<\/span><\/p>\n<h2 id=\"3\"><span dir=\"auto\">\u4ec0\u4e48\u662f\u6bd4\u7279\u5e01\u5230\u671f\u671f\u8d27\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u5230\u671f\u671f\u8d27\u4ea7\u54c1\u662f\u53cc\u65b9\uff08\u901a\u5e38\u662f\u4ea4\u6613\u6240\u7684\u4e24\u4e2a\u7528\u6237\uff09\u4e4b\u95f4\u7684\u534f\u8bae\uff0c\u5728\u672a\u6765\u7684\u67d0\u4e2a\u65e5\u671f\u4ee5\u7ea6\u5b9a\u7684\u4ef7\u683c\uff08\u8fdc\u671f\u4ef7\u683c\uff09\u4e70\u5356\u6807\u7684\u8d44\u4ea7\uff08\u5728\u672c\u4f8b\u4e2d\u4e3a BTC\uff09\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u867d\u7136\u4e0d\u540c\u4ea4\u6613\u6240\u7684\u5177\u4f53\u7ec6\u8282\u53ef\u80fd\u6709\u6240\u4e0d\u540c\uff0c\u4f46\u5230\u671f\u671f\u8d27\u7684\u57fa\u672c\u524d\u63d0\u662f\u76f8\u540c\u7684\u3002\u5373\u53cc\u65b9\u540c\u610f\u9501\u5b9a\u672a\u6765\u4ea4\u6613\u7684\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e3a\u4e86\u65b9\u4fbf\u8d77\u89c1\uff0c\u5927\u591a\u6570\u4ea4\u6613\u6240\u4e0d\u8981\u6c42\u5230\u671f\u671f\u8d27\u6301\u6709\u8005\u5728\u5408\u7ea6\u5230\u671f\u540e\u6536\u5230\u5b9e\u9645\u7684\u6807\u7684\u8d44\u4ea7\uff08\u4f8b\u5982\u77f3\u6cb9\u6876\u6216\u91d1\u6761\uff09\uff0c\u800c\u662f\u652f\u6301\u73b0\u91d1\u7ed3\u7b97\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7136\u800c\uff0c\u4ee5\u5b9e\u7269\u7ed3\u7b97\u7684\u6bd4\u7279\u5e01\u671f\u8d27\uff08\u4f8b\u5982 Bakkt \u63d0\u4f9b\u7684\u671f\u8d27\uff09<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/cointelegraph.com\/news\/bakkt-physical-bitcoin-futures-beat-cash-ahead-of-major-cme-expiry\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u8d8a\u6765\u8d8a\u53d7\u6b22\u8fce<\/span><\/a><span dir=\"auto\">\uff0c\u56e0\u4e3a\u4e0e\u5927\u591a\u6570\u5546\u54c1\u76f8\u6bd4\uff0c\u5b9e\u9645\u7684\u6bd4\u7279\u5e01\u53ef\u4ee5\u76f8\u5bf9\u8f7b\u677e\u5730\u8f6c\u79fb\u3002<\/span><\/p>\n<h2 id=\"4\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u5230\u671f\u671f\u8d27\u4ea7\u54c1\u5982\u4f55\u8fd0\u4f5c\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u8ba9\u6211\u4eec\u6765\u4e86\u89e3\u4e00\u4e0b OKX \u4e0a\u7684 BTC \u671f\u8d27\u4ea4\u6613\u3002\u9996\u5148\uff0c\u5468\u5ea6\u671f\u8d27\u5e02\u573a\u610f\u5473\u7740\u5408\u7ea6\u6301\u6709\u8005\u62bc\u6ce8\u4e00\u5468\u5185\u7684\u6bd4\u7279\u5e01\u4ef7\u683c\u3002OKX \u8fd8\u63d0\u4f9b\u53cc\u5468\u3001\u5b63\u5ea6\u548c\u53cc\u5b63\u5ea6\u7684\u671f\u8d27\u4ea4\u6613\u65f6\u95f4\u8de8\u5ea6\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u56e0\u6b64\uff0c\u5982\u679c\u6bd4\u7279\u5e01\u4eca\u5929\u7684\u4ea4\u6613\u4ef7\u683c\u4e3a 10,000 \u7f8e\u5143\uff0c\u5e76\u4e14 Adam \u8ba4\u4e3a\u4e0b\u5468\u4ef7\u683c\u4f1a<\/span><b><span dir=\"auto\">\u66f4\u9ad8<\/span><\/b><span dir=\"auto\">\uff0c\u90a3\u4e48\u4ed6\u53ef\u4ee5\u5728 OKX \u7684\u6bcf\u5468\u671f\u8d27\u5e02\u573a\u4e0a\u5f00\u8bbe\u81f3\u5c11\u4e00\u4efd\u5408\u7ea6\uff08\u6bcf\u4efd\u5408\u7ea6\u4ee3\u8868 100 \u7f8e\u5143\u7684 BTC\uff09\u7684<\/span><b><span dir=\"auto\">\u591a\u5934\u5934\u5bf8\u3002<\/span><\/b><\/p>\n<p><i><span dir=\"auto\">\u5f53\u6709\u4eba\u4e70\u5165\u5e76\u6301\u6709\u6bd4\u7279\u5e01\uff08<\/span><\/i><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/l\/long.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span dir=\"auto\">\u505a\u591a<\/span><\/i><\/a><i><span dir=\"auto\">\uff09\u65f6\uff0c\u4ed6\u4eec\u671f\u671b\u4ef7\u683c\u4e0a\u6da8\uff0c\u4f46\u5982\u679c\u4ef7\u683c\u4e0b\u8dcc\uff0c\u4ed6\u4eec\u5c31\u65e0\u6cd5\u83b7\u5229\u3002<\/span><\/i><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/s\/short.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span dir=\"auto\">\u505a\u7a7a<\/span><\/i><\/a><i><span dir=\"auto\">\uff0c\u5373\u4eca\u5929\u5356\u51fa\u8d44\u4ea7\uff0c\u9884\u671f\u660e\u5929\u4ef7\u683c\u4f1a\u4e0b\u8dcc\uff0c\u662f\u4ea4\u6613\u8005\u5229\u7528\u4ef7\u683c\u4e0b\u8dcc\u83b7\u5229\u7684\u65b9\u5f0f\u3002<\/span><\/i><\/p>\n<p><span dir=\"auto\">\u5728\u8fd9\u4e2a\u4f8b\u5b50\u4e2d\uff0c\u6211\u4eec\u5047\u8bbe Adam \u5f00\u8bbe\u4e86 100 \u4efd\u591a\u5934\u5408\u7ea6\uff08100 x 100 \u7f8e\u5143 = 10,000 \u7f8e\u5143\uff09\uff0c\u8fd9\u5171\u540c\u4ee3\u8868\u4ed6\u627f\u8bfa\u5728\u4e0b\u5468\u7ed3\u7b97\u65e5\uff08OKX \u6bcf\u5468\u4e94 UTC \u65f6\u95f4\u4e0a\u5348 8 \u70b9\uff09\u4ee5 10,000 \u7f8e\u5143\u7684\u4ef7\u683c\u8d2d\u4e70 1 \u4e2a BTC\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u53e6\u4e00\u65b9\u9762\uff0c\u7f57\u6bd4\u8ba4\u4e3a\u4e0b\u5468\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5c06<\/span><b><span dir=\"auto\">\u4f4e\u4e8e10,000 \u7f8e\u5143\uff0c\u56e0\u6b64\u60f3\u505a<\/span><\/b><b><span dir=\"auto\">\u7a7a<\/span><\/b><span dir=\"auto\">\u3002\u7f57\u6bd4\u627f\u8bfa\u5728\u4e0b\u5468\u7ed3\u7b97\u65e5\u4ee5\u7ea6\u5b9a\u7684 10,000 \u7f8e\u5143\u4ef7\u683c\u5356\u51fa 100 \u4efd\u5408\u7ea6\uff0c\u5373 1 BTC\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4ea4\u6613\u6240\u5c06 Adam \u548c Robbie \u64ae\u5408\uff0c\u53cc\u65b9\u7b7e\u8ba2\u4e00\u4efd\u5230\u671f\u671f\u8d27\u5408\u7ea6\u3002Adam \u627f\u8bfa\u5728\u5408\u7ea6\u5230\u671f\u65f6\u4ee5 10,000 \u7f8e\u5143\u7684\u4ef7\u683c\u4e70\u5165 1 \u4e2a BTC\uff0cRobbie \u627f\u8bfa\u4ee5 10,000 \u7f8e\u5143\u7684\u4ef7\u683c\u5356\u51fa 1 \u4e2a BTC\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e00\u5468\u540e\uff0c\u4e5f\u5c31\u662f\u7ed3\u7b97\u65e5\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5c06\u51b3\u5b9a\u8fd9\u4e24\u4f4d\u4ea4\u6613\u5458\u662f\u76c8\u5229\u8fd8\u662f\u4e8f\u635f\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e00\u5468\u8fc7\u53bb\u4e86\uff0c\u6bd4\u7279\u5e01\u7684\u4ea4\u6613\u4ef7\u683c\u8fbe\u5230\u4e86 15,000 \u7f8e\u5143\u3002\u8fd9\u610f\u5473\u7740\uff0c\u4e4b\u524d\u540c\u610f\u4ee5 10,000 \u7f8e\u5143\u8d2d\u4e70 1 \u4e2a BTC \u7684 Adam\uff0c\u5728\u5408\u7ea6\u4e2d\u83b7\u5f97\u4e86 5,000 \u7f8e\u5143\u7684\u6536\u76ca\u3002Adam \u6309\u7167\u7ea6\u5b9a\uff0c\u53ea\u9700\u652f\u4ed8 10,000 \u7f8e\u5143\u5373\u53ef\u8d2d\u4e70 1 \u4e2a BTC\uff0c\u7136\u540e\u4ed6\u53ef\u4ee5\u7acb\u5373\u4ee5 15,000 \u7f8e\u5143\u7684\u5f53\u524d\u5e02\u573a\u4ef7\u503c\u5c06\u5176\u51fa\u552e\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u53e6\u4e00\u65b9\u9762\uff0c\u7f57\u6bd4\u635f\u5931\u4e86 5,000 \u7f8e\u5143\uff0c\u56e0\u4e3a\u4ed6\u5fc5\u987b\u4ee5\u5546\u5b9a\u7684 10,000 \u7f8e\u5143\u7684\u4ef7\u683c\u51fa\u552e\u4ed6\u7684 1 BTC\uff0c\u5373\u4f7f\u5b83\u73b0\u5728\u4ef7\u503c 15,000 \u7f8e\u5143\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6839\u636e Adam \u548c Robbie \u4f7f\u7528\u7684\u8d44\u4ea7\uff0cOKX \u4ee5\u7a33\u5b9a\u5e01 Tether (USDT) \u6216 BTC \u7ed3\u7b97\u5408\u7ea6\uff0c\u5e76\u5c06\u5df2\u5b9e\u73b0\u7684\u6536\u76ca\u6216\u635f\u5931\u8bb0\u5165 Adam \u6216 Robbie \u7684\u8d26\u6237\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7531\u4e8e\u5230\u671f\u671f\u8d27\u5408\u7ea6\u53cd\u6620\u4e86\u5e02\u573a\u53c2\u4e0e\u8005\u7684\u9884\u671f\uff0cBTC \u591a\u7a7a\u6bd4\u7b49\u6307\u6807\u53ef\u4ee5\u5feb\u901f\u53cd\u6620\u5e02\u573a\u6574\u4f53\u60c5\u7eea\u3002BTC 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dir=\"auto\">\u4e3a\u4ec0\u4e48\u6709\u4eba\u4f1a\u7b7e\u8ba2\u5230\u671f\u671f\u8d27\u534f\u8bae\u6765\u4e70\u5356\u6bd4\u7279\u5e01\uff0c\u800c\u4e0d\u662f\u76f4\u63a5\u5728\u73b0\u8d27\u5e02\u573a\u4e0a\u4ea4\u6613\u6bd4\u7279\u5e01\uff1f\u901a\u5e38\u6765\u8bf4\uff0c\u7b54\u6848\u6709\u4e24\u4e2a\uff1a\u98ce\u9669\u7ba1\u7406\u548c\u6295\u673a\u3002<\/span><\/p>\n<h4><span dir=\"auto\">\u7ba1\u7406\u98ce\u9669<\/span><\/h4>\n<p><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.farm-europe.eu\/travaux\/are-futures-the-future-for-farmers-2\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u957f\u671f\u4ee5\u6765\uff0c\u519c\u6c11<\/span><\/a><span dir=\"auto\">\u4e00\u76f4\u4f7f\u7528\u5230\u671f\u671f\u8d27\u6765\u964d\u4f4e\u98ce\u9669\u5e76\u7ba1\u7406\u73b0\u91d1<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/trade-spot\/flow-usdt\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u6d41<\/span><\/a><span dir=\"auto\">\uff0c\u786e\u4fdd\u4ed6\u4eec\u80fd\u591f\u63d0\u524d\u4ee5\u9884\u5b9a\u4ef7\u683c\u83b7\u5f97\u519c\u4ea7\u54c1\u627f\u8bfa\u3002\u7531\u4e8e\u519c\u4ea7\u54c1\u7684\u51c6\u5907\u9700\u8981\u65f6\u95f4\uff0c\u519c\u6c11\u5e0c\u671b\u907f\u514d\u672a\u6765\u5e02\u573a\u4ef7\u683c\u6ce2\u52a8\u548c\u4e0d\u786e\u5b9a\u6027\u662f\u6709\u9053\u7406\u7684\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u6027\u548c\u4ef7\u683c\u6ce2\u52a8\u4e5f\u5e26\u6765\u4e86\u4e3b\u52a8\u98ce\u9669\u7ba1\u7406\u7684\u5fc5\u8981\u6027\uff0c\u7279\u522b\u662f\u5bf9\u4e8e\u90a3\u4e9b\u4f9d\u9760\u6570\u5b57\u8d44\u4ea7\u83b7\u53d6\u56fa\u5b9a\u6536\u5165\u7684\u4eba\u6765\u8bf4\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u77ff\u5de5\u7684\u6536\u5165\u53d6\u51b3\u4e8e\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u53ca\u5176\u6bcf\u6708\u7684\u6210\u672c\u3002\u524d\u8005\u6bcf\u5929\u90fd\u4f1a\u5927\u5e45\u6ce2\u52a8\uff0c\u800c\u540e\u8005\u5219\u57fa\u672c\u4fdd\u6301\u4e0d\u53d8\uff0c\u56e0\u6b64\u5f88\u96be\u51c6\u786e\u9884\u6d4b\u6536\u76ca\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6b64\u5916\uff0c\u6316\u77ff\u9886\u57df\u7ade\u4e89\u52a0\u5267\uff0c\u5e26\u6765\u4e86\u4e00\u4e9b\u4e0e\u4ef7\u683c\u65e0\u5173\u7684\u65b0\u6311\u6218\uff0c\u4f8b\u5982\u7531\u4e8e\u6316\u77ff<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.blockchain.com\/charts\/difficulty\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u96be\u5ea6\u589e\u52a0\u800c\u5bfc\u81f4\u7684\u786c\u4ef6\u5197\u4f59\u3002\u77ff\u5de5\u8981\u60f3\u5728\u8fd9\u6837\u7684\u73af\u5883\u4e0b\u7ee7\u7eed\u8fd0\u8425\u5e76\u4fdd\u6301\u6700\u4f4e\u98ce\u9669\uff0c\u552f\u4e00\u7684\u529e\u6cd5\u5c31\u662f\u5229\u7528<\/span><\/a><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-miners-will-use-derivatives-like-traditional-commodity-producers\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u671f\u8d27\u7b49\u884d\u751f\u54c1<\/span><\/a><span dir=\"auto\">\u8fdb\u884c\u5bf9\u51b2\u3002<\/span><\/p>\n<h4><span dir=\"auto\">\u731c\u6d4b<\/span><\/h4>\n<p><span dir=\"auto\">\u7136\u800c\uff0c\u98ce\u9669\u7ba1\u7406\u6216\u5bf9\u51b2<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/ask\/answers\/difference-between-hedging-and-speculation\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4e0d\u540c\u4e8e\u6295\u673a<\/span><\/a><span dir=\"auto\">\uff0c\u800c\u6295\u673a\u4e5f\u662f\u6bd4\u7279\u5e01\u5230\u671f\u671f\u8d27\u80cc\u540e\u7684\u4e3b\u8981\u9a71\u52a8\u529b\u4e4b\u4e00\u3002\u7531\u4e8e\u4ea4\u6613\u8005\u548c\u6295\u673a\u8005\u7684\u76ee\u6807\u662f\u4ece\u4ef7\u683c\u6ce2\u52a8\u4e2d\u83b7\u5229\uff08\u65e0\u8bba\u662f\u4e0a\u6da8\u8fd8\u662f\u4e0b\u8dcc\uff09\uff0c\u56e0\u6b64\u4ed6\u4eec\u9700\u8981\u5177\u5907\u53cc\u5411\u62bc\u6ce8\u7684\u80fd\u529b\u2014\u2014\u65e0\u8bba\u662f\u505a\u591a\u8fd8\u662f\u505a\u7a7a\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5230\u671f\u671f\u8d27\u4e3a\u60b2\u89c2\u4e3b\u4e49\u8005\u63d0\u4f9b\u4e86\u5f71\u54cd\u5e02\u573a\u60c5\u7eea\u7684\u9014\u5f84\u3002\u65e7\u91d1\u5c71\u8054\u90a6\u50a8\u5907\u94f6\u884c\u5728\u5176\u9898\u4e3a\u300a<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.frbsf.org\/economic-research\/publications\/economic-letter\/2018\/may\/how-futures-trading-changed-bitcoin-prices\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u671f\u8d27\u4ea4\u6613\u5982\u4f55\u6539\u53d8\u6bd4\u7279\u5e01\u4ef7\u683c\u300b<\/span><\/a><span dir=\"auto\">\u7684\u7814\u7a76\u4e2d\u8be6\u7ec6\u63a2\u8ba8\u4e86\u8fd9\u4e00\u73b0\u8c61\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6700\u540e\uff0c\u6bd4\u7279\u5e01\u671f\u8d27\u4e4b\u6240\u4ee5\u53d7\u6b22\u8fce\uff0c\u662f\u56e0\u4e3a\u5b83\u4eec\u5141\u8bb8\u4f7f\u7528<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/what-is-margin-leverage\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u6760\u6746<\/span><\/a><span dir=\"auto\">\u3002\u4ea4\u6613\u8005\u53ef\u4ee5\u5f00\u7acb\u6bd4\u5176\u5b58\u6b3e\u91d1\u989d\u66f4\u5927\u7684\u4ed3\u4f4d\uff0c\u53ea\u8981\u4ed6\u4eec\u4fdd\u6301\u53ef\u63a5\u53d7\u7684\u4fdd\u8bc1\u91d1\u7387\uff08\u7531\u4ea4\u6613\u6240\u51b3\u5b9a\uff09\u3002\u4f7f\u7528\u6760\u6746\u4e0d\u4f1a\u6539\u53d8\u4e0e\u884d\u751f\u54c1\u76f8\u5173\u7684\u4efb\u4f55\u6761\u4ef6\uff0c\u53ea\u4f1a\u653e\u5927\u98ce\u9669\u548c\u56de\u62a5\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5f53\u5e02\u573a\u770b\u6da8\u65f6\uff0c\u5230\u671f\u671f\u8d27\u4ef7\u683c\u4f1a\u5347\u503c\uff0c\u53ef\u4ee5\u4ee5\u9ad8\u4e8e\u73b0\u8d27\u4ef7\u683c\u7684\u4ef7\u683c\u51fa\u552e\uff0c\u53cd\u4e4b\u4ea6\u7136\u3002\u8fd9\u79cd\u4ef7\u5dee\u88ab\u79f0\u4e3a\u57fa\u5dee\uff0c\u662f\u8bc4\u4f30\u5e02\u573a\u60c5\u7eea\u7684\u53e6\u4e00\u4e2a\u91cd\u8981\u6307\u6807\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy 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dir=\"auto\">\u5f53\u57fa\u5dee\u4e3a\u6b63\uff08\u770b\u6da8\uff09\u65f6\uff0c\u8868\u793a\u671f\u8d27\u4ef7\u683c\u9ad8\u4e8e\u5b9e\u9645\u73b0\u8d27\u4ef7\u683c\u3002\u5f53\u57fa\u5dee\u4e3a\u8d1f\uff08\u770b\u8dcc\uff09\u65f6\uff0c\u8868\u793a\u671f\u8d27\u4ef7\u683c\u4f4e\u4e8e\u73b0\u8d27\u4ef7\u683c\u3002<\/span><\/p>\n<h2 id=\"6\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u6c38\u7eed\u671f\u8d27<\/span><\/h2>\n<p><span dir=\"auto\">\u9664\u4e86\u4e0a\u9762\u8ba8\u8bba\u7684\u6807\u51c6\u671f\u8d27\u4e4b\u5916\uff0c\u6bd4\u7279\u5e01\u5e02\u573a\u8fd8\u652f\u6301<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/trade-swap\/btc-usd-swap\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u6c38\u7eed\u671f\u8d27<\/span><\/a><span dir=\"auto\">\uff0c\u987e\u540d\u601d\u4e49\uff0c\u6c38\u7eed\u671f\u8d27\u662f\u6ca1\u6709\u5230\u671f\u65e5\u7684\u5408\u7ea6\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7531\u4e8e\u6ca1\u6709\u7ed3\u7b97\u65e5\u671f\uff0c\u53cc\u65b9\u65e0\u9700\u4e70\u5165\u6216\u5356\u51fa\u3002\u76f8\u53cd\uff0c\u53ea\u8981\u8d26\u6237\u4e2d\u6709<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/trade-swap\/btc-usd-swap\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u8db3\u591f\u7684BTC<\/span><\/a><span dir=\"auto\">\uff08\u4fdd\u8bc1\u91d1\uff09\u6765\u652f\u4ed8\uff0c\u4ed6\u4eec\u5c31\u53ef\u4ee5\u4fdd\u6301\u4ed3\u4f4d\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7136\u800c\uff0c\u4e0e\u6807\u51c6\u671f\u8d27\u4e0d\u540c\uff0c\u6c38\u7eed\u671f\u8d27\u6ca1\u6709\u8fd9\u6837\u7684\u672a\u6765\u53c2\u8003\u65e5\u671f\u3002\u6807\u51c6\u671f\u8d27\u7684\u5408\u7ea6\u4ef7\u683c\u4e0e\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u6700\u7ec8\u4f1a\u5728\u5408\u7ea6\u5230\u671f\u65f6\u8d8b\u4e8e\u4e00\u81f4\u3002\u6c38\u7eed\u671f\u8d27\u4f7f\u7528\u4e00\u79cd\u4e0d\u540c\u7684\u673a\u5236\u6765\u5f3a\u5236\u4ef7\u683c\u5b9a\u671f\u6536\u655b\uff0c\u8be5\u673a\u5236\u79f0\u4e3a\u8d44\u91d1\u8d39\u7387\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u878d\u8d44\u5229\u7387\u7684\u76ee\u7684\u662f\u4f7f\u5408\u7ea6\u4ef7\u683c\u4e0e\u6807\u7684\u8d44\u4ea7\u7684\u73b0\u8d27\u4ef7\u683c\u4fdd\u6301\u4e00\u81f4\uff0c\u9632\u6b62\u51fa\u73b0\u8f83\u5927\u7684\u504f\u5dee\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u8d44\u91d1\u8d39\u7387\u662f\u5408\u7ea6\u53cc\u65b9\uff08\u591a\u5934\u548c\u7a7a\u5934\uff09\u4e4b\u95f4\u4ea4\u6362\u7684\u8d39\u7528\uff0c\u800c\u4e0d\u662f\u4ea4\u6613\u6240\u6536\u53d6\u7684\u8d39\u7528\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4f8b\u5982\uff0c\u5982\u679c\u6c38\u7eed\u671f\u8d27\u5408\u7ea6\u7684\u4ef7\u503c\u6301\u7eed\u4e0a\u6da8\uff0c\u4e3a\u4ec0\u4e48\u7a7a\u5934\uff08\u5356\u65b9\uff09\u4f1a\u65e0\u9650\u671f\u5730\u6301\u6709\u8be5\u5408\u7ea6\u5462\uff1f\u878d\u8d44\u5229\u7387\u6709\u52a9\u4e8e\u5e73\u8861\u8fd9\u79cd\u60c5\u51b5\u3002\u8be5\u5229\u7387\u672c\u8eab\u4f1a\u6ce2\u52a8\uff0c\u7531\u5e02\u573a\u51b3\u5b9a\u3002<\/span><\/p>\n<h2 id=\"7\"><span dir=\"auto\">BTC\u6c38\u7eed\u671f\u8d27\u5982\u4f55\u8fd0\u4f5c\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u4f8b\u5982\uff0c\u5982\u679c\u4e00\u4efd\u6c38\u7eed\u671f\u8d27\u5408\u7ea6\u7684\u4ea4\u6613\u4ef7\u683c\u4e3a 9,000 \u7f8e\u5143\uff0c\u4f46 BTC \u7684\u73b0\u8d27\u4ef7\u683c\u4e3a 9,005 \u7f8e\u5143\uff0c\u5219\u8d44\u91d1\u8d39\u7387\u5c06\u4e3a<\/span><b><span dir=\"auto\">\u8d1f<\/span><\/b><span dir=\"auto\">\uff08\u4ee5\u89e3\u91ca\u4ef7\u683c\u5dee\u5f02\uff09\u3002\u8d1f\u8d44\u91d1\u8d39\u7387\u610f\u5473\u7740\u7a7a\u5934\u6301\u6709\u8005\u5fc5\u987b\u5411\u591a\u5934\u6301\u6709\u8005\u652f\u4ed8\u8d39\u7528\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u53e6\u4e00\u65b9\u9762\uff0c\u5982\u679c\u5408\u7ea6\u4ef7\u683c\u9ad8\u4e8e\u73b0\u8d27\u4ef7\u683c\uff0c\u878d\u8d44\u5229\u7387\u5c06\u4e3a<\/span><b><span dir=\"auto\">\u6b63<\/span><\/b><span dir=\"auto\">\u2014\u2014\u591a\u5934\u5408\u7ea6\u6301\u6709\u4eba\u5fc5\u987b\u5411\u7a7a\u5934\u5408\u7ea6\u6301\u6709\u4eba\u652f\u4ed8\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5728\u8fd9\u4e24\u79cd\u60c5\u51b5\u4e0b\uff0c\u878d\u8d44\u5229\u7387\u90fd\u4f1a\u4fc3\u8fdb\u65b0\u4ed3\u4f4d\u7684\u5f00\u8bbe\uff0c\u4ece\u800c\u4f7f\u5408\u7ea6\u4ef7\u683c\u66f4\u63a5\u8fd1\u73b0\u8d27\u4ef7\u683c\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u53ea\u8981\u5408\u7ea6\u6301\u6709\u4eba\u4fdd\u6301\u4ed3\u4f4d\uff0c\u5305\u62ec OKX \u5728\u5185\u7684\u5927\u591a\u6570\u4ea4\u6613\u6240\u90fd\u4f1a\u6bcf\u516b\u5c0f\u65f6\u652f\u4ed8\u4e00\u6b21\u8d44\u91d1\u8d39\u7387\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6536\u76ca\u548c\u635f\u5931\u5219\u5728\u6bcf\u65e5\u7ed3\u7b97\u65f6\u5b9e\u73b0\uff0c\u5e76\u81ea\u52a8\u8bb0\u5165\u6301\u6709\u4eba\u7684\u8d26\u6237\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5982\u4e0b\u6240\u793a\uff0c\u8d44\u91d1\u8d39\u7387\u6570\u636e\u53ef\u7528\u4e8e\u5feb\u901f\u8bc4\u4f30\u4efb\u4f55\u65f6\u95f4\u6bb5\u5185\u7684\u5e02\u573a\u8d8b\u52bf\u548c\u8868\u73b0\u3002\u540c\u6837\uff0c<\/span><b><span dir=\"auto\">\u6b63\u8d44\u91d1<\/span><\/b>\u00a0<b><span dir=\"auto\">\u8d39\u7387<\/span><\/b><span dir=\"auto\">\u8868\u660e\u5e02\u573a\u603b\u4f53\u4e0a\u66f4\u4e3a<\/span><b><span dir=\"auto\">\u770b\u6da8<\/span><\/b><span dir=\"auto\">\u2014\u2014\u6c38\u7eed\u5408\u7ea6\u4ef7\u683c\u9ad8\u4e8e\u73b0\u8d27\u4ef7\u683c\u3002<\/span><b><span dir=\"auto\">\u8d1f\u8d44\u91d1\u8d39\u7387<\/span><\/b><span dir=\"auto\">\u5219\u8868\u660e\u5e02\u573a\u60c5\u7eea\u770b\u8dcc\uff0c\u56e0\u4e3a\u8fd9\u610f\u5473\u7740\u6c38\u7eed\u5408\u7ea6\u4ef7\u683c\u4f4e\u4e8e\u73b0\u8d27\u4ef7\u683c\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"BTC\u6c38\u7eed\u671f\u8d27\u8d44\u91d1\u8d39\u7387\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/6a5PtHxzWxhbaJHUZD2f1L\/7162bbba556c2522c1525128e2c7a081\/BTC_perpetual_futures_funding_rate.png?x-oss-process=image\/resize,w_2106,h_932\/format,webp\" alt=\"BTC\u6c38\u7eed\u671f\u8d27\u8d44\u91d1\u8d39\u7387\" width=\"2106\" height=\"932\" \/><\/button><\/div>\n<p><span dir=\"auto\">BTC\u6c38\u7eed\u5408\u7ea6\u8d44\u91d1\u8d39\u7387\u3002\u6765\u6e90\uff1a<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/markets\/futures-info\/btc-usd-weekly\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">okx.com<\/span><\/a><\/p>\n<h2 id=\"8\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u671f\u6743<\/span><\/h2>\n<p><span dir=\"auto\">\u4e0e\u6bd4\u7279\u5e01\u671f\u8d27\u4e00\u6837\uff0c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/trade-option\/btc-usd\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u671f\u6743<\/span><\/a><span dir=\"auto\">\u4e5f\u662f\u8ffd\u8e2a\u6bd4\u7279\u5e01\u4ef7\u683c\u968f\u65f6\u95f4\u53d8\u5316\u7684\u884d\u751f\u4ea7\u54c1\u3002\u7136\u800c\uff0c\u4e0e\u6807\u51c6\u671f\u8d27\uff08\u53cc\u65b9\u7ea6\u5b9a\u4e70\u5356\u6807\u7684\u8d44\u4ea7\u7684\u65e5\u671f\u548c\u4ef7\u683c\uff09\u4e0d\u540c\uff0c\u671f\u6743\u5b9e\u9645\u4e0a\u8d2d\u4e70\u7684\u662f\u201c\u671f\u6743\u201d\uff0c\u5373\u5728\u672a\u6765\u4ee5\u8bbe\u5b9a\u7684\u4ef7\u683c\u4e70\u5356\u8be5\u8d44\u4ea7\u7684\u6743\u5229\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5c3d\u7ba1\u52a0\u5bc6\u8d27\u5e01<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/cointelegraph.com\/news\/okex-launches-bitcoin-options-trades-for-select-clients-ahead-of-january-launch\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u671f\u6743<\/span><\/a><span dir=\"auto\">\u6bd4\u671f\u8d27\u51fa\u73b0\u5f97\u665a\uff0c\u4f46\u6bd4\u7279\u5e01\u671f\u6743\u7684\u672a\u5e73\u4ed3\u5408\u7ea6\uff08OI\uff09\u57282020\u5e74\u8fbe\u5230\u4e86<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.coindesk.com\/open-positions-on-bitcoin-options-pass-1b-for-first-time\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u8d85\u8fc710\u4ebf\u7f8e\u5143\u7684\u5386\u53f2\u65b0\u9ad8<\/span><\/a><span dir=\"auto\">\u3002OI\u8868\u793a\u5c1a\u672a\u7ed3\u7b97\u7684\u672a\u5e73\u4ed3\u671f\u6743\u5408\u7ea6\u7684\u603b\u4ef7\u503c\uff08\u901a\u5e38\u4ee5\u7f8e\u5143\u8ba1\uff09\u3002\u672a\u5e73\u4ed3\u5408\u7ea6\u7684\u589e\u52a0\u901a\u5e38\u8868\u660e\u6709\u65b0\u8d44\u672c\u6d41\u5165\u5e02\u573a\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"BTC\u671f\u6743\u672a\u5e73\u4ed3\u5408\u7ea6\u6c47\u603b\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/6gV4iKSAwLZEkouvC0EvHB\/cb5f8a9e49b372b335935474af4d374d\/Aggregated_open_interest_BTC_options.png?x-oss-process=image\/resize,w_2288,h_802\/format,webp\" alt=\"BTC\u671f\u6743\u672a\u5e73\u4ed3\u5408\u7ea6\u6c47\u603b\" width=\"2288\" height=\"802\" \/><\/button><\/div>\n<p><span dir=\"auto\">BTC\u671f\u6743\u672a\u5e73\u4ed3\u5408\u7ea6\u3002\u8d44\u6599\u6765\u6e90\uff1atheblock.co<\/span><\/p>\n<h4><span dir=\"auto\">\u770b\u6da8\u671f\u6743\u548c\u770b\u8dcc\u671f\u6743<\/span><\/h4>\n<p><span dir=\"auto\">\u671f\u6743\u5408\u7ea6\u6709\u4e24\u79cd\u7c7b\u578b\uff1a<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/c\/calloption.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u770b\u6da8\u671f\u6743<\/span><\/a><span dir=\"auto\">\u548c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/p\/putoption.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u770b\u8dcc\u671f\u6743<\/span><\/a><span dir=\"auto\">\u3002\u770b\u6da8\u671f\u6743\u8d4b\u4e88\u6301\u6709\u4eba\u5728\u7279\u5b9a\u65e5\u671f\uff08\u5230\u671f\u65e5\uff09<\/span><b><span dir=\"auto\">\u4e70\u5165<\/span><\/b><span dir=\"auto\">\u6807\u7684\u8d44\u4ea7\u7684\u6743\u5229\uff0c\u800c\u770b\u8dcc\u671f\u6743\u8d4b\u4e88\u6301\u6709\u4eba\u5728\u7279\u5b9a\u65e5\u671f\uff08\u5230\u671f\u65e5\uff09<\/span><b><span dir=\"auto\">\u5356\u51fa\u6807\u7684\u8d44\u4ea7\u7684\u6743\u5229\u3002\u6bcf\u79cd\u671f\u6743\u90fd\u6709\u4e00\u4e2a\u5e02\u573a\u4ef7\u683c\uff0c\u79f0\u4e3a<\/span><\/b><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/o\/option-premium.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u671f\u6743\u8d39<\/span><\/a><span dir=\"auto\">\uff0c\u5177\u4f53\u53d6\u51b3\u4e8e\u76f8\u5173\u6761\u4ef6\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u671f\u6743\u5408\u7ea6\u4e5f\u6709\u4e24\u79cd\u5f62\u5f0f\uff1a\u7f8e\u5f0f\u671f\u6743\u548c\u6b27\u5f0f\u671f\u6743\u3002\u7f8e\u5f0f\u671f\u6743\u53ef\u4ee5\u5728\u5230\u671f\u65e5\u4e4b\u524d\u7684\u4efb\u4f55\u65f6\u95f4\u884c\u4f7f\uff0c\u5373\u6301\u6709\u4eba\u4e70\u5165\u6216\u5356\u51fa\u671f\u6743\uff1b\u800c\u6b27\u5f0f\u671f\u6743\u53ea\u80fd\u5728\u5230\u671f\u65e5\u884c\u4f7f\u3002OKX \u652f\u6301\u6b27\u5f0f\u671f\u6743\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6301\u6709\u671f\u6743\u610f\u5473\u7740\uff0c\u5982\u679c\u6301\u6709\u4eba\u5728\u5230\u671f\u65e5\u51b3\u5b9a\u4e0d\u884c\u4f7f\u4e70\u5165\u6216\u5356\u51fa\u7684\u6743\u5229\uff0c\u5408\u7ea6\u5c06\u5931\u6548\u3002\u6301\u6709\u4eba\u65e0\u9700\u5c65\u884c\u4e49\u52a1\uff0c\u4f46\u4f1a\u635f\u5931\u671f\u6743\u8d39\u2014\u2014\u5373\u4ed6\u4eec\u4e3a\u5408\u7ea6\u652f\u4ed8\u7684\u4ef7\u683c\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e3a\u4e86\u65b9\u4fbf\u8d77\u89c1\uff0c\u671f\u6743\u4e5f\u4ee5\u73b0\u91d1\u7ed3\u7b97\uff0c\u4f46\u4e0e\u671f\u8d27\u76f8\u6bd4\uff0c\u5176\u98ce\u9669\u622a\u7136\u4e0d\u540c\u3002\u5bf9\u4e8e\u671f\u8d27\uff0c\u4efb\u4f55\u4e00\u65b9\u7684\u98ce\u9669\u548c\u56de\u62a5\u90fd\u662f\u65e0\u9650\u7684\uff08\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5728\u7ed3\u7b97\u524d\u53ef\u80fd\u4f1a\u6ce2\u52a8\uff09\u3002\u4f46\u5bf9\u4e8e\u671f\u6743\uff0c\u4e70\u65b9\u62e5\u6709\u65e0\u9650\u7684\u6f5c\u5728\u6536\u76ca\u548c\u6709\u9650\u7684\u635f\u5931\uff0c\u800c\u671f\u6743\u5356\u65b9\u62e5\u6709\u65e0\u9650\u7684\u6f5c\u5728\u635f\u5931\u548c\u975e\u5e38\u6709\u9650\u7684\u6536\u76ca\uff08\u5982\u4e0b\u6240\u8ff0\uff09\u3002<\/span><\/p>\n<h2 id=\"9\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u671f\u6743\u5408\u7ea6\u5982\u4f55\u8fd0\u4f5c\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u5982\u679c\u6bd4\u7279\u5e01\u4eca\u5929\u7684\u4ea4\u6613\u4ef7\u683c\u4e3a 10,000 \u7f8e\u5143\uff0c\u800c Robbie \u8ba4\u4e3a\u672a\u6765\u67d0\u4e2a\u65e5\u671f\uff08\u6bd4\u5982\u4e00\u4e2a\u6708\u540e\uff09\u7684\u4ef7\u683c\u4f1a\u66f4\u9ad8\uff0c\u4ed6\u53ef\u4ee5\u4e70\u5165<\/span><b><span dir=\"auto\">\u770b\u6da8\u671f\u6743<\/span><\/b><span dir=\"auto\">\u3002Robbie \u7684\u770b\u6da8\u671f\u6743\u7684\u6267\u884c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/s\/strikeprice.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4ef7\u683c<\/span><\/a><span dir=\"auto\">\uff08\u672a\u6765\u53ef\u4ee5\u4e70\u5165 BTC \u7684\u4ef7\u683c\uff09\u4e3a 10,000 \u7f8e\u5143\u6216\u66f4\u4f4e\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5982\u679c\u4e00\u4e2a\u6708\u540e\u6bd4\u7279\u5e01\u7684\u4ea4\u6613\u4ef7\u683c\u8fbe\u5230 15,000 \u7f8e\u5143\uff0c\u7f57\u6bd4\u5c31\u53ef\u4ee5\u884c\u4f7f\u770b\u6da8\u671f\u6743\uff0c<\/span><b><span dir=\"auto\">\u4ee5 10,000 \u7f8e\u5143\u7684\u4ef7\u683c\u4e70\u5165\u6bd4\u7279\u5e01<\/span><\/b><span dir=\"auto\">\uff0c\u7acb\u5373\u83b7\u5229\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u5982\u679c\u4e00\u4e2a\u6708\u540e\u6bd4\u7279\u5e01\u7684\u4ea4\u6613\u4ef7\u683c\u8fbe\u5230 9,000 \u7f8e\u5143\uff0c\u7f57\u6bd4\u5c31\u53ef\u4ee5\u4efb\u7531\u671f\u6743\u5931\u6548\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7136\u800c\uff0c\u5728\u8fd9\u4e24\u79cd\u60c5\u51b5\u4e0b\uff0c\u6211\u4eec\u90fd\u6ca1\u6709\u8003\u8651\u671f\u6743\u8d39\u3002\u671f\u6743\u8d39\u662f\u7f57\u6bd4\u8d2d\u4e70\u770b\u6da8\u671f\u6743\u6240\u9700\u652f\u4ed8\u7684\u91d1\u989d\u2014\u2014\u671f\u6743\u7684\u5e02\u573a\u4ef7\u683c\u3002\u5982\u679c\u671f\u6743\u8d39\u4e3a 1,500 \u7f8e\u5143\uff0c\u90a3\u4e48\u7f57\u6bd4\u4eca\u5929\u9700\u8981\u652f\u4ed8 1,500 \u7f8e\u5143\uff0c\u624d\u80fd\u83b7\u5f97\u4e00\u4e2a\u6708\u540e\u4ee5 10,000 \u7f8e\u5143\u8d2d\u4e70\u6bd4\u7279\u5e01\u7684\u6743\u5229\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u8fd9\u610f\u5473\u7740\uff0c\u5bf9\u7f57\u6bd4\u6765\u8bf4\uff0c\u771f\u6b63\u7684\u76c8\u4e8f\u5e73\u8861\u4ef7\u683c\u662f 10,000 \u7f8e\u5143 + 1,500 \u7f8e\u5143 = 11,500 \u7f8e\u5143\u2014\u2014\u56e0\u6b64\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u9700\u8981\u9ad8\u4e8e 11,500 \u7f8e\u5143\uff0c\u4ed6\u624d\u80fd\u83b7\u5229\u3002\u5982\u679c\u7f57\u6bd4\u9009\u62e9\u8ba9\u671f\u6743\u5931\u6548\uff0c\u4ed6\u53ea\u4f1a\u635f\u5931 1,500 \u7f8e\u5143\u7684\u6ea2\u4ef7\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u56e0\u6b64\uff0c\u5b9e\u9645\u4e0a\uff0c\u867d\u7136\u7f57\u6bd4\u7684\u589e\u957f\u6f5c\u529b\u662f\u65e0\u9650\u7684\uff08\u6216\u8005\u66f4\u786e\u5207\u5730\u8bf4\uff0c\u4ec5\u53d7\u6bd4\u7279\u5e01\u4ef7\u683c\u7684\u9650\u5236\uff09\uff0c\u4f46\u4ed6\u7684\u635f\u5931\u5374\u53d7\u9650\u4e8e\u4ed6\u652f\u4ed8\u7684\u6ea2\u4ef7\u3002\u5728\u4efb\u4f55\u60c5\u51b5\u4e0b\uff0c\u7f57\u6bd4\u7684\u635f\u5931\u90fd\u4e0d\u80fd\u8d85\u8fc7\u672c\u5408\u7ea6\u7684\u6ea2\u4ef7\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7136\u540e\u662f\u4e9a\u5f53\uff0c\u4ed6\u8ba4\u4e3a\u6bd4\u7279\u5e01\u4ef7\u683c\u5c06\u5728\u4e0b\u4e2a\u6708\u4e0b\u8dcc\u3002\u4ed6\u53ef\u4ee5\u4e70\u5165\u4e00\u4efd<\/span><b><span dir=\"auto\">\u6267\u884c\u4ef7\u683c<\/span><\/b><span dir=\"auto\">\u4e3a 10,000 \u7f8e\u5143\u7684\u770b\u8dcc\u671f\u6743\u3002\u8fd9\u610f\u5473\u7740\u65e0\u8bba\u73b0\u8d27\u4ef7\u683c\u5982\u4f55\uff0c\u4ed6\u90fd\u6709\u6743\u5728\u4e00\u4e2a\u6708\u540e\u4ee5<\/span><b><span dir=\"auto\">10,000 \u7f8e\u5143\u7684\u4ef7\u683c\u51fa\u552e\u6bd4\u7279\u5e01\u3002<\/span><\/b><\/p>\n<p><span dir=\"auto\">\u4e00\u4e2a\u6708\u540e\uff0c\u5982\u679c\u6bd4\u7279\u5e01\u7684\u4ea4\u6613\u4ef7\u683c\u4f4e\u4e8e 10,000 \u7f8e\u5143\uff0c\u6bd4\u5982\u8bf4 8,000 \u7f8e\u5143\uff0cAdam \u53ef\u4ee5\u901a\u8fc7\u884c\u4f7f\u671f\u6743\u83b7\u5229\u2014\u2014\u4ee5\u9ad8\u4e8e\u5e02\u573a\u4ef7\u683c 2,000 \u7f8e\u5143\u7684\u4ef7\u683c\u5356\u51fa BTC\u3002\u5982\u679c BTC \u7684\u4ea4\u6613\u4ef7\u683c\u9ad8\u4e8e 10,000 \u7f8e\u5143\uff0c\u4ed6\u5c31\u53ef\u4ee5\u8ba9\u4ed6\u7684\u671f\u6743\u5931\u6548\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e9a\u5f53\u4e5f\u5fc5\u987b\u652f\u4ed8\u4fdd\u8d39\u6765\u8d2d\u4e70\u8be5\u671f\u6743\uff0c\u5e76\u4e14\u50cf\u7f57\u6bd4\u4e00\u6837\uff0c\u4fdd\u8d39\u4e5f\u662f\u4ed6\u5728\u8fd9\u4efd\u5408\u540c\u4e2d\u627f\u62c5\u7684\u6700\u9ad8\u98ce\u9669\u91d1\u989d\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u53e6\u4e00\u65b9\u9762\uff0c\u6211\u4eec\u6709\u671f\u6743\u5356\u65b9\u6216\u5408\u7ea6\u7b7e\u8ba2\u8005\uff0c\u4ed6\u4eec\u662fRobbie \u548c Adam \u7684<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.investopedia.com\/terms\/c\/counterparty.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4ea4\u6613\u5bf9\u624b<\/span><\/a><span dir=\"auto\">\uff0c\u5e76\u540c\u610f\u5206\u522b\u5411\u4ed6\u4eec\u51fa\u552e\u770b\u6da8\u671f\u6743\u548c\u770b\u8dcc\u671f\u6743\u3002\u8fd9\u4e9b\u5356\u65b9\u672c\u8d28\u4e0a\u627f\u8bfa\u6309\u9700\u4e70\u5356 BTC\uff0c\u4ee5\u6362\u53d6 Robbie \u548c Adam \u652f\u4ed8\u7684\u6ea2\u4ef7\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5c31\u98ce\u9669\u800c\u8a00\uff0c\u671f\u6743\u5356\u65b9\u7684\u6536\u76ca\u53d7\u9650\u4e8e\u5176\u6536\u53d6\u7684\u671f\u6743\u8d39\u3002\u7136\u800c\uff0c\u4ed6\u4eec\u7684\u635f\u5931\u53ef\u80fd\u65e0\u9650\u5927\uff0c\u56e0\u4e3a\u65e0\u8bba\u73b0\u8d27\u4ef7\u683c\u4e0e\u6267\u884c\u4ef7\u683c\u4e4b\u95f4\u7684\u5dee\u989d\u6709\u591a\u5927\uff0c\u4e00\u65e6\u671f\u6743\u88ab\u884c\u4f7f\uff0c\u4ed6\u4eec\u90fd\u5fc5\u987b\u4e70\u5165\u6216\u5356\u51faBTC\u3002\u4ee5\u4e0b<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/trade-option\/btc-usd\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">OKX\u6bd4\u7279\u5e01\u671f\u6743\u5e02\u573a<\/span><\/a><span dir=\"auto\">\u89c2\u70b9\u5c06\u8fdb\u4e00\u6b65\u89e3\u91ca\u8fd9\u4e00\u70b9\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"BTC\u671f\u6743\u5e02\u573a\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/6UyzbjZfZNMtq8Pbx2KpvI\/08af5c8ec8ffea6292084776c59c929d\/BTC_options_market.png?x-oss-process=image\/resize,w_936,h_748\/format,webp\" alt=\"BTC\u671f\u6743\u5e02\u573a\" width=\"936\" height=\"748\" \/><\/button><\/div>\n<p><span dir=\"auto\">\u6765\u6e90\uff1aokx.com<\/span><\/p>\n<p><span dir=\"auto\">\u4e0a\u56fe\u663e\u793a\u4e862020\u5e749\u670825\u65e5\u5230\u671f\u7684\u770b\u6da8\u671f\u6743\u548c\u770b\u8dcc\u671f\u6743\u3002\u84dd\u8272\u5706\u5708\u6807\u8bb0\u4e86\u6267\u884c\u4ef7\u683c\u4e3a11,000\u7f8e\u5143\u7684\u671f\u6743\u5408\u7ea6\uff0c\u8fd9\u610f\u5473\u7740\u8be5\u5408\u7ea6\u7684<\/span><b><span dir=\"auto\">\u770b\u6da8\u671f\u6743<\/span><\/b><span dir=\"auto\">\u6301\u6709\u8005\u53ef\u4ee5\u57289\u670825\u65e5\u4ee511,000\u7f8e\u5143\u7684\u4ef7\u683c<\/span><b><span dir=\"auto\">\u4e70\u5165\u6bd4\u7279\u5e01\uff0c\u800c<\/span><\/b><b><span dir=\"auto\">\u770b\u8dcc\u671f\u6743<\/span><\/b><span dir=\"auto\">\u6301\u6709\u8005\u5219\u53ef\u4ee5\u4ee5\u76f8\u540c\u7684\u4ef7\u683c<\/span><b><span dir=\"auto\">\u5356\u51fa<\/span><\/b><span dir=\"auto\">\u6bd4\u7279\u5e01\u3002\u7eff\u8272\u548c\u7ea2\u8272\u5706\u5708\u8868\u793a<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/understanding-mark-price\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u6807\u8bb0\u4ef7\u683c<\/span><\/a><span dir=\"auto\">\uff0c\u8fd9\u662f\u57fa\u4e8e\u5e73\u5747\u6c34\u5e73\u7684\u5e02\u573a\u4f30\u503c\u6307\u6807\uff0c\u800c\u201c\u4e70\u5165\u4ef71\u201d\u548c\u201c\u5356\u51fa\u4ef71\u201d\u5219\u53cd\u6620\u5f53\u524d\u7684\u5e02\u573a\u62a5\u4ef7\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5982\u679c\u7f57\u6bd4\u4eca\u5929\u8d2d\u4e70\u8fd9\u4e2a\u770b\u6da8\u671f\u6743\uff0c\u4ed6\u5c06\u652f\u4ed8\u6700\u4f73\u5356\u4ef7\u2014\u2014\u5373\u4e0a\u9762\u5c4f\u5e55\u622a\u56fe\u4e2d\u7684 1,373.08 \u7f8e\u5143\u2014\u2014\u4f5c\u4e3a\u6743\u5229\u91d1\uff0c\u4ee5\u4fdd\u7559\u5728 9 \u6708 25 \u65e5\u4ee5 11,000 \u7f8e\u5143\u7684\u4ef7\u683c<\/span><b><span dir=\"auto\">\u8d2d\u4e70<\/span><\/b><span dir=\"auto\">\u6bd4\u7279\u5e01\u7684\u6743\u5229\u3002\u540c\u6837\uff0c\u4e9a\u5f53\u5c06\u652f\u4ed8 2,712.90 \u7f8e\u5143\u8d2d\u4e70\u770b\u8dcc\u671f\u6743\uff0c\u4ee5\u83b7\u5f97\u5728 9 \u6708 25 \u65e5\u4ee5 11,000 \u7f8e\u5143\u7684\u4ef7\u683c<\/span><b><span dir=\"auto\">\u51fa\u552e\u6bd4\u7279\u5e01\u7684\u6743\u5229\u3002<\/span><\/b><\/p>\n<p><span dir=\"auto\">\u8fd9\u4e9b\u6ea2\u4ef7\u7684\u5dee\u5f02\u4ee3\u8868\u4e86\u5e02\u573a\u60c5\u7eea\uff0c\u540c\u610f\u8d2d\u4e70\u4e9a\u5f53\u7684\u6bd4\u7279\u5e01\u7684\u4ea4\u6613\u5bf9\u624b\u8ba4\u4e3a\u8fd9\u6bd4\u540c\u610f\u5356\u7ed9\u7f57\u6bd4\u7684\u4ea4\u6613\u5bf9\u624b\u66f4\u5177\u98ce\u9669\u3002<\/span><\/p>\n<p><span dir=\"auto\">Strike \u7684\u672a\u5e73\u4ed3\u5408\u7ea6\u662f\u53e6\u4e00\u4e2a\u53ef\u4ee5\u4e00\u76ee\u4e86\u7136\u5730\u63ed\u793a\u5e02\u573a\u524d\u666f\u7684\u6570\u636e\u96c6\uff0c\u5982\u4e0b\u56fe\u6240\u793a\u3002<\/span><\/p>\n<div class=\"index_imageContainer__rfZ7y index_custom__nLneb\"><button class=\"academy academy-plain-button academy academy-image-viewer\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"BTC\u671f\u6743\u672a\u5e73\u4ed3\u5408\u7ea6\uff08\u6309\u6267\u884c\u4ef7\u683c\uff09\"><img loading=\"lazy\" decoding=\"async\" class=\"academy-picture-contain index_img__W8PbS\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/6NdYAEGNmSv77CpQliaOp2\/25e38c026d34a8060d75619036eb040c\/BTC_options_open_interest_by_strike.png?x-oss-process=image\/resize,w_696,h_473\/format,webp\" alt=\"BTC\u671f\u6743\u672a\u5e73\u4ed3\u5408\u7ea6\uff08\u6309\u6267\u884c\u4ef7\u683c\uff09\" width=\"696\" height=\"473\" \/><\/button><\/div>\n<p><span dir=\"auto\">BTC\u671f\u6743\u672a\u5e73\u4ed3\u5408\u7ea6\uff08\u6309Strike\u8ba1\u7b97\uff09\u3002\u8d44\u6599\u6765\u6e90\uff1aSkew.com<\/span><\/p>\n<p><span dir=\"auto\">\u8fd9\u5f20\u56fe\u8868\u663e\u793a\u4e86\u4e0d\u540c\u6267\u884c\u4ef7\u683c\u4e0b\u672a\u5230\u671f\u671f\u6743\uff08\u770b\u6da8\u671f\u6743 + \u770b\u8dcc\u671f\u6743\uff09\u7684\u4ef7\u503c\uff08\u4ee5\u6bd4\u7279\u5e01 (BTC) \u4e3a\u5355\u4f4d\uff09\u3002\u5982\u4e0a\u56fe\u6240\u793a\uff0c\u5927\u591a\u6570\u5e02\u573a\u53c2\u4e0e\u8005\u6301\u6709\u7684\u671f\u6743\u5408\u7ea6\u6267\u884c\u4ef7\u683c\u4e3a 10,125 \u7f8e\u5143\uff0c\u5176\u6b21\u662f 7,250 \u7f8e\u5143\u548c 11,250 \u7f8e\u5143\u3002\u67e5\u770b\u8fd9\u4e9b\u6570\u636e\u53ef\u4ee5\u7a81\u51fa\u663e\u793a\u6bd4\u7279\u5e01\u76ee\u524d\u6700\u5e38\u89c1\u7684\u4e09\u79cd\u6267\u884c\u4ef7\u683c\uff0c\u4ee5\u53ca\u8fd1\u671f\u7684\u9884\u671f\u6ce2\u52a8\u8303\u56f4\u3002<\/span><\/p>\n<h2 id=\"10\"><span dir=\"auto\">\u4e3a\u4ec0\u4e48\u4eba\u4eec\u901a\u8fc7\u671f\u6743\u5408\u7ea6\u4e70\u5356 BTC\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u671f\u6743\u5408\u7ea6\u4e0e\u671f\u8d27\u7c7b\u4f3c\uff0c\u4e5f\u662f\u98ce\u9669\u7ba1\u7406\u5de5\u5177\uff0c\u4f46\u7531\u4e8e\u4e0d\u9644\u5e26\u4e70\u65b9\u7684\u4efb\u4f55\u4e49\u52a1\uff0c\u56e0\u6b64\u66f4\u52a0\u7075\u6d3b\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6211\u4eec\u53ef\u4ee5\u518d\u6b21\u8ba8\u8bba\u6bd4\u7279\u5e01\u77ff\u5de5\u4f5c\u4e3a\u8fd9\u4e9b\u5408\u7ea6\u7684\u6f5c\u5728\u53d7\u76ca\u8005\uff0c\u4ed6\u4eec\u53ef\u4ee5\u8d2d\u4e70\u770b\u8dcc\u671f\u6743\uff0c\u4ee5\u786e\u4fdd\u672a\u6765\u5176\u5f00\u91c7\u7684\u6bd4\u7279\u5e01\u83b7\u5f97\u4e00\u5b9a\u7684\u6536\u76ca\u3002\u7136\u800c\uff0c\u4e0e\u671f\u8d27\u5408\u7ea6\u4e0d\u540c\uff0c\u5728\u671f\u8d27\u5408\u7ea6\u4e2d\uff0c\u65e0\u8bba\u4ef7\u683c\u5982\u4f55\uff0c\u77ff\u5de5\u90fd\u6709\u4e49\u52a1\u51fa\u552e\u5176\u6bd4\u7279\u5e01\uff0c\u800c\u5728\u8fd9\u91cc\uff0c\u5982\u679c\u6bd4\u7279\u5e01\u5927\u5e45\u4e0a\u6da8\uff0c\u4ed6\u4eec\u53ef\u4ee5\u9009\u62e9\u4e0d\u51fa\u552e\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6295\u673a\u4ecd\u7136\u662f\u4f7f\u7528\u671f\u6743\u7684\u53e6\u4e00\u4e2a\u539f\u56e0\uff0c\u56e0\u4e3a\u4e0e\u671f\u8d27\u76f8\u6bd4\uff0c\u671f\u6743\u5141\u8bb8\u4fdd\u5b88\u7684\u5e02\u573a\u53c2\u4e0e\u8005\u4ee5\u5c0f\u5f97\u591a\u7684\u98ce\u9669\u91d1\u989d\uff08\u6ea2\u4ef7\uff09\u8fdb\u884c\u62bc\u6ce8\u3002<\/span><\/p>\n<h2 id=\"11\"><span dir=\"auto\">\u884d\u751f\u54c1\u548c\u6bd4\u7279\u5e01\u7684\u5408\u6cd5\u6027<\/span><\/h2>\n<p><span dir=\"auto\">\u671f\u8d27\u548c\u671f\u6743\u7b49\u884d\u751f\u54c1\u901a\u8fc7\u63d0\u4f9b\u5e02\u573a\u8868\u8fbe\u60c5\u7eea\u7684\u5fc5\u8981\u5de5\u5177\uff0c\u652f\u6301\u6807\u7684\u8d44\u4ea7\u7684\u4ef7\u683c\u53d1\u73b0\u2014\u2014\u5373\u5e02\u573a\u5bf9\u4ef7\u683c\u7684\u786e\u5b9a\u3002\u4f8b\u5982\uff0c\u5982\u679c\u6ca1\u6709\u884d\u751f\u54c1\uff0c\u6bd4\u7279\u5e01\u4ea4\u6613\u8005\u57fa\u672c\u4e0a\u53ea\u80fd\u8d2d\u4e70\u5e76\u6301\u6709\u8be5\u8d44\u4ea7\u672c\u8eab\uff0c\u8fd9<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.coindesk.com\/trump-administration-popped-2017-bitcoin-bubble-ex-cftc-chair-says\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u57282017\u5e74\u9020\u6210\u4e86\u6ce1\u6cab<\/span><\/a><span dir=\"auto\">\uff0c\u5bfc\u81f4\u4ef7\u683c\u98d9\u5347\u81f3\u5386\u53f2\u9ad8\u4f4d\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u76f4\u5230\u829d\u52a0\u54e5\u5546\u54c1\u4ea4\u6613\u6240 (CME) \u548c\u829d\u52a0\u54e5\u671f\u6743\u4ea4\u6613\u6240 (Cboe) \u63a8\u51fa\u6bd4\u7279\u5e01\u671f\u8d27\u540e\uff0c\u5e02\u573a\u7a7a\u5934\u624d\u5f97\u4ee5<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.coindesk.com\/trump-administration-popped-2017-bitcoin-bubble-ex-cftc-chair-says\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u6233\u7834\u6ce1\u6cab<\/span><\/a><span dir=\"auto\">\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5c3d\u7ba1\u968f\u540e\u7684\u5d29\u76d8\u548c 2018 \u5e74\u7684\u201c\u52a0\u5bc6\u8d27\u5e01\u5bd2\u51ac\u201d\u7ed9\u5e02\u573a\u5e26\u6765\u4e86\u6c89\u91cd\u6253\u51fb\uff0c\u4f46\u968f\u7740\u4ef7\u683c\u8d8b\u4e8e\u5e73\u7a33\uff0c\u5b83\u4e5f<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.fastcompany.com\/90285052\/beyond-the-bubble-what-happened-to-bitcoin-in-2018\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4fc3\u8fdb\u4e86\u6210\u719f\u548c\u589e\u957f<\/span><\/a><span dir=\"auto\">\uff0c\u4f7f\u6280\u672f\u548c\u91c7\u7528\u518d\u6b21\u6210\u4e3a\u7126\u70b9\u3002<\/span><\/p>\n<p><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/cointelegraph.com\/news\/breaking-bakkt-announces-first-regulated-options-contract-for-bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4e0e\u6b64\u540c\u65f6\uff0c Bakkt<\/span><\/a><span dir=\"auto\">\u63a8\u51fa\u7684\u6bd4\u7279\u5e01\u671f\u6743\u7b49\u53d7\u76d1\u7ba1\u7684\u884d\u751f\u54c1\u6b63\u5728\u5e2e\u52a9<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.coindesk.com\/regulated-derivatives-will-legitimize-crypto-says-cftc-chair\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u52a0\u5bc6\u9886\u57df\u5408\u6cd5\u5316<\/span><\/a><span dir=\"auto\">\u5e76\u5438\u5f15\u673a\u6784\u53c2\u4e0e\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6700\u7ec8\uff0c\u8bb8\u591a\u4eba\u8ba4\u4e3a\uff0c\u6bd4\u7279\u5e01\u8981\u60f3\u6210\u4e3a\u4e00\u79cd\u88ab\u5e7f\u6cdb\u63a5\u53d7\u7684<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/ftalphaville.ft.com\/2020\/05\/28\/1590664497000\/Goldman-Sachs-betrays-bitcoin-\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u8d44\u4ea7\u7c7b\u522b<\/span><\/a><span dir=\"auto\">\uff0c\u5c31\u9700\u8981\u4e00\u4e2a\u900f\u660e\u4e14\u4e0d\u6613<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.coindesk.com\/sec-rejects-latest-bitcoin-etf-bid\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u64cd\u7eb5\u7684<\/span><\/a><span dir=\"auto\">\u5e02\u573a\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u8981\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\uff0c\u9700\u8981\u6ce8\u5165\u65b0\u7684\u8d44\u672c\u3001\u589e\u52a0\u6d41\u52a8\u6027\u3001\u964d\u4f4e\u6ce2\u52a8\u6027\u3001\u5b9e\u73b0\u6709\u673a\u4ef7\u683c\u5f62\u6210\uff0c\u4ee5\u53ca\u83b7\u5f97\u5927\u578b\u673a\u6784\u7528\u6237\u7684\u4fe1\u4efb\u3002\u6bcf\u4e00\u6b3e\u4f18\u8d28\u7684\u884d\u751f\u4ea7\u54c1\u90fd\u6709\u6f5c\u529b\u8ba9\u6bd4\u7279\u5e01\u66f4\u63a5\u8fd1\u8fd9\u79cd\u5408\u6cd5\u6027\u3002<\/span><\/p>\n<p><i><span dir=\"auto\">OKX Insights \u63d0\u4f9b\u5e02\u573a\u5206\u6790\u3001\u6df1\u5165\u529f\u80fd\u4ee5\u53ca\u6765\u81ea\u52a0\u5bc6\u4e13\u4e1a\u4eba\u58eb\u7684\u7cbe\u9009\u65b0\u95fb\u3002<\/span><\/i><\/p>\n<p><i><\/i><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/twitter.com\/OKXInsights\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span dir=\"auto\">\u5728Twitter<\/span><\/i><\/a><i><span dir=\"auto\">\u548c<\/span><\/i><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/t.me\/OKX_Insights\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span dir=\"auto\">Telegram<\/span><\/i><\/a><span dir=\"auto\"><i>\u4e0a\u5173\u6ce8 OKX Insights\u00a0<\/i><\/span><i><span dir=\"auto\">\u3002<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u884d\u751f\u54c1\u662f\u53ef\u4ea4\u6613\u7684\u5408\u7ea6\uff0c\u5176\u4ef7\u503c\u6e90\u4e8e\u6807\u7684\u8d44\u4ea7\u3002\u5c31\u52a0\u5bc6\u8d27\u5e01\u884d\u751f\u54c1\u800c\u8a00\uff0c\u6807\u7684\u8d44\u4ea7\u901a\u5e38\u4e3a\u6bd4\u7279\u5e01\uff08BTC\uff09\u6216\u5176\u4ed6\u4e3b\u6d41\u52a0\u5bc6\u8d27&hellip; <a class=\"more-link\" href=\"http:\/\/okx.biquan123.com\/blog\/?p=557\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">\u6bd4\u7279\u5e01\u884d\u751f\u54c1\u89e3\u91ca\uff1a\u5230\u671f\u671f\u8d27\u3001\u6c38\u7eed\u671f\u8d27\u548c\u671f\u6743<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-557","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=557"}],"version-history":[{"count":2,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/557\/revisions"}],"predecessor-version":[{"id":3286,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/557\/revisions\/3286"}],"wp:attachment":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=557"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}