{"id":561,"date":"2026-03-01T18:37:32","date_gmt":"2026-03-01T10:37:32","guid":{"rendered":"http:\/\/okx.biquan123.com\/blog\/?p=561"},"modified":"2026-03-01T18:42:07","modified_gmt":"2026-03-01T10:42:07","slug":"%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e6%9c%9f%e6%9d%83%e6%89%a7%e8%a1%8c%e4%bb%b7%e6%a0%bc%e6%8c%87%e5%8d%97%ef%bc%9a%e5%a6%82%e4%bd%95%e7%a1%ae%e5%ae%9a%e8%b4%a7%e5%b8%81%e6%80%a7","status":"publish","type":"post","link":"http:\/\/okx.biquan123.com\/blog\/?p=561","title":{"rendered":"\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u6267\u884c\u4ef7\u683c\u6307\u5357\uff1a\u5982\u4f55\u786e\u5b9a\u8d27\u5e01\u6027"},"content":{"rendered":"<div class=\"\">\n<p><span dir=\"auto\">\u5bf9\u4e8e\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u800c\u8a00\uff0c\u6267\u884c\u4ef7\u683c\u548c\u201c\u8d27\u5e01\u6027\u201d\u7684\u6982\u5ff5\u5728\u51b3\u5b9a\u5176\u4ef7\u503c\u548c\u6f5c\u5728\u6536\u76ca\u65b9\u9762\u8d77\u7740\u5173\u952e\u4f5c\u7528\u3002\u5bf9\u4e8e\u5e0c\u671b\u6700\u5927\u5316\u6536\u76ca\u6216\u6709\u6548\u7ba1\u7406\u98ce\u9669\u7684\u671f\u6743\u4ea4\u6613\u8005\u6765\u8bf4\uff0c\u9274\u4e8e\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\u7684\u6ce2\u52a8\u6027\uff0c\u7406\u89e3\u8fd9\u4e9b\u672f\u8bed\u81f3\u5173\u91cd\u8981\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u672c\u6307\u5357\u65e8\u5728\u6df1\u5165\u5256\u6790\u884c\u4f7f\u4ef7\u548c\u8d27\u5e01\u6027\u7684\u57fa\u7840\u77e5\u8bc6\uff0c\u5e2e\u52a9\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u66f4\u597d\u5730\u8bc4\u4f30\u671f\u6743\u5e76\u505a\u51fa\u660e\u667a\u7684\u4ea4\u6613\u51b3\u7b56\u3002\u901a\u8fc7\u8bb2\u89e3\u884c\u4f7f\u4ef7\u548c\u8d27\u5e01\u6027\u7684\u542b\u4e49\uff0c\u60a8\u5c06\u80fd\u591f\u5b66\u4e60\u5982\u4f55\u8bc4\u4f30\u671f\u6743\u7684\u8d27\u5e01\u6027\uff0c\u4ee5\u53ca\u8fd9\u4e9b\u6982\u5ff5\u4e3a\u4f55\u5982\u6b64\u91cd\u8981\uff0c\u5c24\u5176\u662f\u5728\u5feb\u901f\u53d1\u5c55\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u9886\u57df\u3002<\/span><\/p>\n<h2 id=\"1\"><span dir=\"auto\">TL;DR<\/span><\/h2>\n<ul>\n<li><span dir=\"auto\">\u6267\u884c\u4ef7\u683c\u662f\u6307\u53ef\u4ee5\u884c\u4f7f\u671f\u6743\u7684\u56fa\u5b9a\u4ef7\u683c\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u8d27\u5e01\u6027\u88ab\u5b9a\u4e49\u4e3a\u6267\u884c\u4ef7\u683c\u548c\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4e4b\u95f4\u7684\u5173\u7cfb\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5185\u5728\u4ef7\u503c\u53cd\u6620\u671f\u6743\u57fa\u4e8e\u6267\u884c\u4ef7\u683c\u4e0e\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4e4b\u95f4\u7684\u5dee\u5f02\u800c\u4ea7\u751f\u7684\u5373\u65f6\u83b7\u5229\u6f5c\u529b\uff0c\u800c\u5916\u5728\u4ef7\u503c\u5219\u663e\u793a\u671f\u6743\u7684\u65f6\u95f4\u4ef7\u503c\uff0c\u5e76\u53d7\u5230\u671f\u65f6\u95f4\u548c\u9690\u542b\u6ce2\u52a8\u7387\u7b49\u56e0\u7d20\u7684\u5f71\u54cd\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u9009\u62e9\u6b63\u786e\u7684\u671f\u6743\u6267\u884c\u4ef7\u683c\u53d6\u51b3\u4e8e\u60a8\u7684\u6574\u4f53\u98ce\u9669\u627f\u53d7\u80fd\u529b\u3001\u5e02\u573a\u524d\u666f\u548c\u4ea4\u6613\u7b56\u7565\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u7531\u4e8e\u5e02\u573a\u6ce2\u52a8\u52a0\u5267\u548c\u534f\u8bae\u5347\u7ea7\u7b49\u56e0\u7d20\u548c\u50ac\u5316\u5242\uff0c\u8d27\u5e01\u6027\u5e76\u4e0d\u662f\u4e00\u6210\u4e0d\u53d8\u7684\u3002<\/span><\/li>\n<\/ul>\n<div class=\"index_embeddedButtonContainer__VnUpA index_custom__uZwjS\"><a class=\"academy academy-powerLink-a11y academy academy-btn btn-md btn-fill-highlight\" href=\"https:\/\/www.okx.com\/trade-option\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"btn-content\"><span dir=\"auto\">\u4e86\u89e3\u66f4\u591a<\/span><\/span><\/a><\/div>\n<h2 id=\"2\"><span dir=\"auto\">\u671f\u6743\u7684\u6267\u884c\u4ef7\u683c\u662f\u4ec0\u4e48\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u884c\u6743\u4ef7\u662f\u671f\u6743\u6301\u6709\u4eba\u4e70\u5356\u6807\u7684\u8d44\u4ea7\u7684\u56fa\u5b9a\u4ef7\u683c\u3002\u8be5\u4ef7\u683c\u4ece\u671f\u6743\u5408\u7ea6\u751f\u6548\u4e4b\u65e5\u8d77\u76f4\u81f3\u5230\u671f\u65e5\u4fdd\u6301\u4e0d\u53d8\uff0c\u662f\u8bc4\u4f30\u671f\u6743\u662f\u5426\u76c8\u5229\u7684\u6709\u6548\u4f9d\u636e\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5728\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u7684\u80cc\u666f\u4e0b\uff0c\u4e86\u89e3\u884c\u6743\u4ef7\u81f3\u5173\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u76f4\u63a5\u5f71\u54cd\u671f\u6743\u4ea4\u6613\u8005\u7684\u76c8\u5229\u6216\u4e8f\u635f\u3002\u4f8b\u5982\uff0c\u5982\u679c\u4e00\u4f4d\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u6301\u6709\u4e00\u4efd\u884c\u6743\u4ef7\u4f4e\u4e8e\u8d44\u4ea7\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u7684\u770b\u6da8\u671f\u6743\uff0c\u90a3\u4e48\u4ed6\u53ef\u4ee5\u901a\u8fc7\u4ee5\u8f83\u4f4e\u7684\u4ef7\u683c\u4e70\u5165\uff0c\u5e76\u5728\u671f\u6743\u5230\u671f\u65f6\u4ee5\u8f83\u9ad8\u7684\u5e02\u573a\u4ef7\u683c\u5356\u51fa\u6765\u83b7\u5229\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u6267\u884c\u4ef7\u683c\u7c7b\u578b\uff1aITM\u3001ATM \u548c OTM<\/span><\/h3>\n<p><span dir=\"auto\">\u52a0\u5bc6\u671f\u6743\u4ea4\u6613\u4e2d\u7684\u6267\u884c\u4ef7\u683c\u901a\u5e38\u6839\u636e\u5176\u4e0e\u6807\u7684\u52a0\u5bc6\u8d44\u4ea7\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u7684\u5173\u7cfb\u5206\u4e3a\u4e09\u7c7b\u3002<\/span><\/p>\n<ol>\n<li><span dir=\"auto\">\u4ef7\u5185\uff08ITM\uff09\uff1a\u5982\u679c\u4ee5\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u884c\u4f7f\uff0c\u5219\u671f\u6743\u6709\u5229\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5e73\u4ef7\uff08ATM\uff09\uff1a\u6267\u884c\u4ef7\u683c\u7b49\u4e8e\u8d44\u4ea7\u7684\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u4ef7\u5916\u671f\u6743 (OTM)\uff1a\u8be5\u671f\u6743\u5728\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4e0b\u5e76\u4e0d\u6709\u5229\uff0c\u5230\u671f\u65f6\u5c06\u88ab\u89c6\u4e3a\u6beb\u65e0\u4ef7\u503c\u3002<\/span><\/li>\n<\/ol>\n<p><span dir=\"auto\">\u8fd9\u4e9b\u672f\u8bed\u5bf9\u4e8e\u786e\u5b9a\u671f\u6743\u7684\u8d27\u5e01\u6027\u81f3\u5173\u91cd\u8981\uff0c\u6211\u4eec\u5c06\u5728\u4e0b\u9762\u8fdb\u884c\u66f4\u8be6\u7ec6\u7684\u63a2\u8ba8\u3002<\/span><\/p>\n<h2 id=\"3\"><span dir=\"auto\">\u52a0\u5bc6\u671f\u6743\u4e2d\u7684\u8d27\u5e01\u6027\u662f\u4ec0\u4e48\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u8d27\u5e01\u6027\u662f\u6307\u8d44\u4ea7\u7684\u6267\u884c\u4ef7\u683c\u4e0e\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4e4b\u95f4\u7684\u5173\u7cfb\u3002\u8fd9\u4e00\u6982\u5ff5\u6709\u52a9\u4e8e\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u5224\u65ad\u884c\u4f7f\u671f\u6743\u662f\u76c8\u5229\u8fd8\u662f\u4e8f\u635f\u3002\u8d27\u5e01\u6027\u4f1a\u968f\u7740\u5e02\u573a\u4ef7\u683c\u7684\u6ce2\u52a8\u800c\u53d8\u5316\uff0c\u8fd9\u610f\u5473\u7740\u671f\u6743\u53ef\u80fd\u4f1a\u968f\u7740\u5e02\u573a\u72b6\u51b5\u7684\u53d8\u5316\u5728\u4ef7\u5185\u3001\u5e73\u4ef7\u548c\u4ef7\u5916\u4e4b\u95f4\u53d8\u5316\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u9274\u4e8e\u57fa\u7840\u52a0\u5bc6\u8d44\u4ea7\u4ef7\u683c\u6ce2\u52a8\u5267\u70c8\uff0c\u52a0\u5bc6\u671f\u6743\u7684\u60c5\u51b5\u5c24\u5176\u5982\u6b64\u3002\u4e0e TradFi \u671f\u6743\u4ea4\u6613\u8005\u7c7b\u4f3c\uff0c\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u8005\u4e5f\u4f7f\u7528\u8d27\u5e01\u6027\u4f5c\u4e3a\u6307\u6807\u6765\u8861\u91cf\u671f\u6743\u7684\u5f53\u524d\u4ef7\u503c\u5e76\u8bc4\u4f30\u6f5c\u5728\u56de\u62a5\u3002<\/span><\/p>\n<h2 id=\"4\"><span dir=\"auto\">\u8d27\u5e01\u6027\u7c7b\u522b\u89e3\u91ca<\/span><\/h2>\n<h3><span dir=\"auto\">\u4ef7\u5185 (ITM)<\/span><\/h3>\n<ul>\n<li><b><span dir=\"auto\">\u770b\u6da8\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u52a0\u5bc6\u8d44\u4ea7\u7684\u5e02\u573a\u4ef7\u683c\u9ad8\u4e8e\u884c\u6743\u4ef7\u3002\u884c\u4f7f\u8be5\u671f\u6743\u5c06\u5e26\u6765\u6536\u76ca\uff0c\u56e0\u4e3a\u52a0\u5bc6\u671f\u6743\u4ea4\u6613\u8005\u53ef\u4ee5\u4ee5\u8f83\u4f4e\u7684\u884c\u6743\u4ef7\u4e70\u5165\uff0c\u5e76\u4ee5\u5f53\u524d\u8f83\u9ad8\u7684\u5e02\u573a\u4ef7\u683c\u5356\u51fa\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u770b\u8dcc\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u52a0\u5bc6\u8d44\u4ea7\u7684\u5e02\u573a\u4ef7\u683c\u4f4e\u4e8e\u6267\u884c\u4ef7\u683c\uff0c\u4ea4\u6613\u8005\u4ee5\u66f4\u9ad8\u7684\u6267\u884c\u4ef7\u683c\u51fa\u552e\u53ef\u4ee5\u83b7\u5f97\u4e30\u539a\u7684\u5229\u6da6\u3002<\/span><\/li>\n<\/ul>\n<h3><span dir=\"auto\">\u91d1\u94b1\uff08ATM\uff09<\/span><\/h3>\n<ul>\n<li><b><span dir=\"auto\">\u770b\u6da8\u671f\u6743\u548c\u770b\u8dcc\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u6267\u884c\u4ef7\u683c\u4e0e\u5e02\u573a\u4ef7\u683c\u5927\u81f4\u76f8\u7b49\u3002ATM \u671f\u6743\u7684\u76c8\u5229\u80fd\u529b\u4e2d\u6027\uff0c\u5e76\u4e14\u7531\u4e8e\u5176\u5728\u5230\u671f\u524d\u53ef\u80fd\u51fa\u73b0\u51c0\u503c\u53d8\u52a8\uff0c\u56e0\u6b64\u53ef\u80fd\u4fdd\u6301\u4ef7\u503c\u3002<\/span><\/li>\n<\/ul>\n<h3><span dir=\"auto\">\u4ef7\u5916\u671f\u6743 (OTM)<\/span><\/h3>\n<ul>\n<li><b><span dir=\"auto\">\u770b\u6da8\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u5e02\u573a\u4ef7\u683c\u4f4e\u4e8e\u6267\u884c\u4ef7\u683c\uff0c\u56e0\u6b64\u65e0\u6cd5\u884c\u4f7f\u770b\u6da8\u671f\u6743\u3002\u770b\u6da8\u671f\u6743\u5230\u671f\u4f5c\u5e9f\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u770b\u8dcc\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u5e02\u573a\u4ef7\u683c\u9ad8\u4e8e\u6267\u884c\u4ef7\u683c\uff0c\u8fd9\u610f\u5473\u7740\u884c\u4f7f\u770b\u8dcc\u671f\u6743\u662f\u4e0d\u53ef\u80fd\u7684\uff0c\u56e0\u4e3a\u770b\u8dcc\u671f\u6743\u5230\u671f\u6beb\u65e0\u4ef7\u503c\u3002<\/span><\/li>\n<\/ul>\n<h2 id=\"5\"><span dir=\"auto\">\u786e\u5b9a\u8d27\u5e01\u6027<\/span><\/h2>\n<p><span dir=\"auto\">\u73b0\u5728\u60a8\u5df2\u7ecf\u719f\u6089\u4e86\u6267\u884c\u4ef7\u683c\u4e0e ITM\u3001ATM \u548c OTM \u671f\u6743\u7684\u5173\u7cfb\uff0c\u8ba9\u6211\u4eec\u6df1\u5165\u4e86\u89e3\u52a0\u5bc6\u671f\u6743\u7684\u8d27\u5e01\u6027\u4ee5\u53ca\u51b3\u5b9a\u5176\u8d27\u5e01\u6027\u7684\u5173\u952e\u56e0\u7d20\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u5982\u4f55\u8ba1\u7b97\u8d27\u5e01\u6027<\/span><\/h3>\n<p><span dir=\"auto\">\u4e3a\u4e86\u8bc4\u4f30\u8d27\u5e01\u6027\uff0c\u4ea4\u6613\u8005\u5c06\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4e0e\u671f\u6743\u7684\u6267\u884c\u4ef7\u683c\u8fdb\u884c\u6bd4\u8f83\u3002<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u5bf9\u4e8e\u770b\u6da8\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u5982\u679c\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u9ad8\u4e8e\u770b\u6da8\u671f\u6743\u7684\u6267\u884c\u4ef7\u683c\uff0c\u5219\u8be5\u671f\u6743\u4e3a ITM\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u5bf9\u4e8e\u770b\u8dcc\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u5982\u679c\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4f4e\u4e8e\u770b\u8dcc\u671f\u6743\u7684\u6267\u884c\u4ef7\u683c\uff0c\u5219\u8be5\u671f\u6743\u88ab\u89c6\u4e3a ITM\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u4e3e\u4e2a\u4f8b\u5b50\u3002\u5047\u8bbe\u60a8\u6301\u6709\u4e00\u4efd\u6267\u884c\u4ef7\u683c\u4e3a 3,000 \u7f8e\u5143\u7684<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/trade-option\/eth-usd\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">ETH<\/span><\/a><span dir=\"auto\">\u770b\u8dcc\u671f\u6743\uff0c\u800c\u8be5\u8d44\u4ea7\u7684\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4e3a 2,500 \u7f8e\u5143\u3002\u7531\u4e8e\u8d44\u4ea7\u4ef7\u683c\u9ad8\u4e8e\u6267\u884c\u4ef7\u683c\uff0c\u8be5\u770b\u6da8\u671f\u6743\u88ab\u89c6\u4e3a\u5b9e\u503c\u671f\u6743\uff0c\u5982\u679c\u884c\u4f7f\uff0c\u5219\u6709\u83b7\u5229\u6f5c\u529b\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u5f71\u54cd\u8d27\u5e01\u6027\u7684\u5e02\u573a\u56e0\u7d20<\/span><\/h3>\n<p><span dir=\"auto\">\u5982\u524d\u6240\u8ff0\uff0c\u8d27\u5e01\u6027\u5e76\u975e\u4e00\u6210\u4e0d\u53d8\u3002\u76f8\u53cd\uff0c\u5b83\u53d7\u4ee5\u4e0b\u56e0\u7d20\u7684\u5f71\u54cd\u3002<\/span><\/p>\n<ol>\n<li><b><span dir=\"auto\">\u6ce2\u52a8\u6027<\/span><\/b><span dir=\"auto\">\uff1a\u66f4\u9ad8\u7684\u4ef7\u683c\u6ce2\u52a8\u6027\u53ef\u80fd\u5bfc\u81f4\u8d27\u5e01\u6027\u7684\u7a81\u7136\u8f6c\u53d8\uff0c\u4ece\u800c\u4f7f\u671f\u6743\u66f4\u52a0\u52a8\u6001\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u5230\u671f\u65f6\u95f4<\/span><\/b><span dir=\"auto\">\uff1a\u968f\u7740\u671f\u6743\u63a5\u8fd1\u5230\u671f\uff0c\u5176\u79fb\u52a8 ITM \u7684\u673a\u4f1a\u57fa\u672c\u4e0a\u4f1a\u6839\u636e\u5269\u4f59\u7684\u6709\u9650\u65f6\u95f4\u800c\u51cf\u5c11\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u5e02\u573a\u60c5\u7eea<\/span><\/b><span dir=\"auto\">\uff1a\u5e02\u573a\u65b0\u95fb\u548c\u60c5\u7eea\u4f1a\u63a8\u52a8\u4ef7\u683c\u5feb\u901f\u6ce2\u52a8\uff0c\u4ece\u800c\u5f71\u54cd\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u7684\u8d27\u5e01\u6027\u3002\u8fd9\u6d89\u53ca\u5230<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/what-is-implied-volatility-iv-crypto-option-premiums\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u9690\u542b\u6ce2\u52a8\u7387\uff08IV\uff09<\/span><\/a><span dir=\"auto\">\u7684\u6982\u5ff5\uff0c\u5176\u5728\u50ac\u5316\u5242\u4e4b\u524d\u7684\u4e0a\u5347\u5f80\u5f80\u4f1a\u5f71\u54cd\u671f\u6743\u7684\u5b9a\u4ef7\u3002<\/span><\/li>\n<\/ol>\n<h2 id=\"6\"><span dir=\"auto\">\u8d27\u5e01\u6027\u5982\u4f55\u5f71\u54cd\u671f\u6743\u7684\u5185\u5728\u4ef7\u503c\u548c\u5916\u5728\u4ef7\u503c<\/span><\/h2>\n<p><span dir=\"auto\">\u4ece\u66f4\u6df1\u5c42\u6b21\u4e0a\u8bb2\uff0c\u8d27\u5e01\u6027\u4ee5\u53ca\u52a0\u5bc6\u671f\u6743\u5408\u7ea6\u662f\u5426\u88ab\u89c6\u4e3a ITM \u4f1a\u5f71\u54cd\u5176\u5b9a\u4ef7\uff0c\u5373\u5982\u4f55\u786e\u5b9a\u884d\u751f\u54c1\u7684\u5185\u5728\u4ef7\u503c\u548c\u5916\u5728\u4ef7\u503c\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u5185\u5728\u4ef7\u503c<\/span><\/h3>\n<p><span dir=\"auto\">\u5185\u5728\u4ef7\u503c\u662f\u671f\u6743\u4ef7\u683c\u4e2d\u57fa\u4e8e\u5176\u5373\u65f6\u884c\u6743\u4ef7\u503c\u7684\u90e8\u5206\uff0c\u5373\u671f\u6743\u7684\u6267\u884c\u4ef7\u683c\u4e0e\u6807\u7684\u8d44\u4ea7\u5f53\u524d\u5e02\u573a\u4ef7\u683c\u4e4b\u95f4\u7684\u5dee\u989d\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5c31\u5b9e\u503c\u671f\u6743\u800c\u8a00\uff0c\u5176\u5185\u5728\u4ef7\u503c\u4e3a\u6b63\uff0c\u56e0\u4e3a\u5b83\u4eec\u4ee3\u8868\u4e86\u884c\u4f7f\u671f\u6743\u53ef\u83b7\u5f97\u7684\u5373\u65f6\u6536\u76ca\u3002\u4f8b\u5982\uff0c\u4e00\u4efd\u6267\u884c\u4ef7\u683c\u4e3a 50,000 \u7f8e\u5143\u3001\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u4e3a 60,000 \u7f8e\u5143\u7684<\/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\">BTC \u770b\u6da8\u671f\u6743<\/span><\/a><span dir=\"auto\">\uff0c\u5176\u5185\u5728\u4ef7\u503c\u4e3a 10,000 \u7f8e\u5143\u3002\u800c\u865a\u503c\u671f\u6743\u5219\u5b9e\u9645\u4e0a\u6ca1\u6709\u884c\u4f7f\u671f\u6743\u7684\u9014\u5f84\uff0c\u5176\u5185\u5728\u4ef7\u503c\u4e3a\u96f6\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u5916\u5728\u4ef7\u503c<\/span><\/h3>\n<p><span dir=\"auto\">\u5916\u5728\u4ef7\u503c\u4e5f\u79f0\u4e3a\u65f6\u95f4\u4ef7\u503c\uff0c\u4ee3\u8868\u5e02\u573a\u5bf9\u672a\u6765\u4ef7\u683c\u8d70\u52bf\u4ee5\u53ca\u671f\u6743\u5230\u671f\u524d\u5269\u4f59\u65f6\u95f4\u7684\u9884\u671f\u3002\u5f71\u54cd\u5916\u5728\u4ef7\u503c\u7684\u56e0\u7d20\u5305\u62ec\u4ee5\u4e0b\u51e0\u70b9\u3002<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u5230\u671f\u65f6\u95f4\uff1a<\/span><\/b><span dir=\"auto\">\u5f53\u671f\u6743\u63a5\u8fd1\u5230\u671f\u65e5\u65f6\uff0c\u7531\u4e8e\u4ef7\u683c\u5927\u5e45\u6ce2\u52a8\u7684\u65f6\u95f4\u7f29\u77ed\uff0c\u5916\u5728\u4ef7\u503c\u4f1a\u4e0b\u964d\u3002\u8fd9\u6700\u7ec8\u5bfc\u81f4\u671f\u6743\u6ea2\u4ef7\u968f\u7740<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/option-expiration-dates\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u5230\u671f\u65e5<\/span><\/a><span dir=\"auto\">\u4e34\u8fd1\u548c\u5916\u5728\u4ef7\u503c\u4e0b\u964d\u800c\u4e0b\u964d\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u9690\u542b\u6ce2\u52a8\u7387 (IV)\uff1a<\/span><\/b><span dir=\"auto\">\u5982\u524d\u6240\u8ff0\uff0cIV \u8861\u91cf\u7684\u662f\u5e02\u573a\u5bf9\u6807\u7684\u8d44\u4ea7\u672a\u6765\u6ce2\u52a8\u7387\u7684\u9884\u671f\u3002\u9690\u542b\u6ce2\u52a8\u7387\u8d8a\u9ad8\uff0c\u901a\u5e38\u610f\u5473\u7740\u5916\u5728\u4ef7\u503c\u548c\u671f\u6743\u8d39\u8d8a\u9ad8\uff0c\u56e0\u4e3a\u4ef7\u683c\u5927\u5e45\u6ce2\u52a8\u7684\u53ef\u80fd\u6027\u8d8a\u5927\u3002\u5f53\u51fa\u73b0\u53ef\u80fd\u5bfc\u81f4\u4ef7\u683c\u98d9\u5347\u7684\u91cd\u5927\u50ac\u5316\u5242\u65f6\uff0c\u5f80\u5f80\u5c31\u4f1a\u51fa\u73b0\u8fd9\u79cd\u60c5\u51b5\u3002<\/span><\/li>\n<\/ul>\n<h2 id=\"7\"><span dir=\"auto\">\u8d27\u5e01\u6027\u3001\u5185\u5728\u4ef7\u503c\u548c\u5916\u5728\u4ef7\u503c\u4e4b\u95f4\u7684\u76f8\u4e92\u4f5c\u7528<\/span><\/h2>\n<ul>\n<li><b><span dir=\"auto\">\u5b9e\u503c\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u968f\u7740\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u8fdb\u4e00\u6b65\u5411\u5b9e\u503c\u65b9\u5411\u53d8\u52a8\uff0c\u671f\u6743\u7684\u5185\u5728\u4ef7\u503c\u4e5f\u4f1a\u968f\u4e4b\u589e\u52a0\u3002\u7136\u800c\uff0c\u5373\u4f7f\u5bf9\u4e8e\u5b9e\u503c\u671f\u6743\u800c\u8a00\uff0c\u65f6\u95f4\u8870\u51cf\u6548\u5e94\u4ecd\u7136\u4f1a\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u4fb5\u8680\u5176\u5916\u5728\u4ef7\u503c\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4ef7\u5916\u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u4ef7\u5916\u671f\u6743\u7684\u4ef7\u683c\u4e3b\u8981\u53d7\u5916\u5728\u4ef7\u503c\u9a71\u52a8\u3002\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u9664\u975e\u9690\u542b\u6ce2\u52a8\u7387\u5927\u5e45\u4e0a\u5347\uff0c\u5426\u5219\u5176\u4ef7\u503c\u4f1a\u56e0\u65f6\u95f4\u8870\u51cf\u800c\u5927\u5e45\u4e0b\u8dcc\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">ATM \u671f\u6743\uff1a<\/span><\/b><span dir=\"auto\">\u00a0ATM \u671f\u6743\u7684\u5185\u5728\u4ef7\u503c\u548c\u5916\u5728\u4ef7\u503c\u5f80\u5f80\u4fdd\u6301\u5e73\u8861\u3002\u968f\u7740\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u63a5\u8fd1\u884c\u6743\u4ef7\uff0c\u671f\u6743\u7684\u5185\u5728\u4ef7\u503c\u4f1a\u589e\u52a0\uff0c\u800c\u5916\u5728\u4ef7\u503c\u5219\u4f1a\u56e0\u65f6\u95f4\u8870\u51cf\u800c\u4e0b\u964d\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u7406\u89e3\u8d27\u5e01\u6027\u3001\u5185\u5728\u4ef7\u503c\u548c\u5916\u5728\u4ef7\u503c\u4e4b\u95f4\u7684\u76f8\u4e92\u4f5c\u7528\uff0c\u662f\u6709\u6548\u8fdb\u884c\u671f\u6743\u4ea4\u6613\u7684\u57fa\u7840\u3002\u901a\u8fc7\u5206\u6790\u8fd9\u4e9b\u56e0\u7d20\uff0c\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u53ef\u4ee5\u505a\u51fa\u660e\u667a\u7684\u4e70\u5165\u3001\u5356\u51fa\u6216\u6301\u6709\u671f\u6743\u5934\u5bf8\u7684\u51b3\u7b56\u3002<\/span><\/p>\n<h2 id=\"8\"><span dir=\"auto\">\u4e3a\u60a8\u7684\u671f\u6743\u7b56\u7565\u9009\u62e9\u6b63\u786e\u7684\u6267\u884c\u4ef7\u683c<\/span><\/h2>\n<p><span dir=\"auto\">\u9009\u62e9\u5408\u9002\u7684\u6267\u884c\u4ef7\u683c\u7684\u671f\u6743\u5408\u7ea6\u662f\u4e00\u9879\u6218\u7565\u51b3\u7b56\uff0c\u53d7\u60a8\u7684\u4ea4\u6613\u76ee\u6807\u3001\u6574\u4f53\u65f6\u95f4\u6846\u67b6\u548c\u6574\u4f53\u5e02\u573a\u524d\u666f\u7b49\u56e0\u7d20\u5f71\u54cd\u3002\u56e0\u6b64\uff0c\u9009\u62e9\u7b26\u5408\u60a8\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b\u548c\u4ea4\u6613\u7b56\u7565\u7684\u6267\u884c\u4ef7\u683c\uff0c\u53ef\u4ee5\u5e2e\u52a9\u60a8\u5728\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u4e2d\u6700\u5927\u5316\u6210\u529f\u7684\u51e0\u7387\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u9009\u62e9\u671f\u6743\u6267\u884c\u4ef7\u683c\u7684\u5b9e\u7528\u6280\u5de7<\/span><\/h3>\n<p><span dir=\"auto\">\u9009\u62e9\u5408\u9002\u7684\u884c\u4f7f\u4ef7\u662f\u4e00\u9879\u6218\u7565\u51b3\u7b56\uff0c\u53d7\u60a8\u7684\u5e02\u573a\u524d\u666f\u548c\u98ce\u9669\u627f\u53d7\u80fd\u529b\u5f71\u54cd\u3002\u4ee5\u4e0b\u662f\u4e00\u4e9b\u6307\u5bfc\u60a8\u505a\u51fa\u9009\u62e9\u7684\u6280\u5de7\u3002<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u770b\u6da8\u524d\u666f<\/span><\/b><span dir=\"auto\">\uff1a\u5982\u679c\u60a8\u8ba4\u4e3a\u6807\u7684\u52a0\u5bc6\u8d44\u4ea7\u7684\u4ef7\u683c\u5c06\u5927\u5e45\u4e0a\u6da8\uff0c\u53ef\u4ee5\u8003\u8651\u4ef7\u5916\u770b\u6da8\u671f\u6743\u3002\u4ef7\u5916\u671f\u6743\u7684\u6ea2\u4ef7\u66f4\u4f4e\uff0c\u8fd9\u610f\u5473\u7740\u60a8\u7684\u524d\u671f\u6210\u672c\u66f4\u4f4e\u3002\u5982\u679c\u4ef7\u683c\u8d70\u52bf\u5bf9\u60a8\u6709\u5229\uff0c\u5b83\u4eec\u8fd8\u80fd\u5e26\u6765\u66f4\u5927\u7684\u6536\u76ca\u3002\u7136\u800c\uff0c\u5b83\u4eec\u7684\u98ce\u9669\u4e5f\u66f4\u9ad8\uff0c\u56e0\u4e3a\u5982\u679c\u4ef7\u683c\u672a\u8fbe\u5230\u6267\u884c\u4ef7\u683c\uff0c\u5b83\u4eec\u53ef\u80fd\u5728\u5230\u671f\u65f6\u53d8\u5f97\u6beb\u65e0\u4ef7\u503c\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u770b\u8dcc\u524d\u666f<\/span><\/b><span dir=\"auto\">\uff1a\u5982\u679c\u60a8\u9884\u671f\u8d44\u4ea7\u4ef7\u683c\u4f1a\u4e0b\u8dcc\uff0c\u4ef7\u5916\u770b\u8dcc\u671f\u6743\u53ef\u80fd\u662f\u4e00\u4e2a\u6709\u6548\u7684\u7b56\u7565\u3002\u5b83\u6bd4\u4ef7\u5185\u770b\u8dcc\u671f\u6743\u6210\u672c\u66f4\u4f4e\uff0c\u4f46\u5982\u679c\u8d44\u4ea7\u4ef7\u683c\u4e0b\u8dcc\uff0c\u5219\u5177\u6709\u5de8\u5927\u7684\u76c8\u5229\u6f5c\u529b\u3002\u4e0e\u4ef7\u5916\u770b\u6da8\u671f\u6743\u4e00\u6837\uff0c\u6b64\u7b56\u7565\u4e5f\u5b58\u5728\u66f4\u9ad8\u7684\u671f\u6743\u5230\u671f\u65e0\u6548\u7684\u98ce\u9669\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u4e2d\u6027\u5c55\u671b<\/span><\/b><span dir=\"auto\">\uff1a\u5982\u679c\u60a8\u9884\u8ba1\u4ef7\u683c\u6ce2\u52a8\u8f83\u5c0f\uff0cATM \u671f\u6743\u53ef\u80fd\u6bd4\u8f83\u5408\u9002\uff0c\u56e0\u4e3a\u5176\u5728\u5230\u671f\u65e5\u4e34\u8fd1\u65f6\u6709\u53ef\u80fd\u51fa\u73b0\u4ef7\u5185\u6ce2\u52a8\u3002ATM \u671f\u6743\u901a\u5e38\u7528\u4e8e<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/multi-leg-crypto-option-strategies\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u591a\u8fb9\u671f\u6743\u7b56\u7565<\/span><\/a><span dir=\"auto\">\uff0c\u65e8\u5728\u5229\u7528\u6ce2\u52a8\u6027\u83b7\u5229\uff0c\u56e0\u4e3a\u5b83\u4eec\u5bf9\u4ef7\u683c\u53d8\u5316\u8f83\u4e3a\u654f\u611f\u3002\u56e0\u6b64\uff0c\u98ce\u9669\u89c4\u907f\u578b\u671f\u6743\u4ea4\u6613\u8005\u901a\u5e38\u66f4\u9752\u7750\u8fd9\u7c7b\u671f\u6743\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u8003\u8651\u6ce2\u52a8\u7387 (IV)<\/span><\/b><span dir=\"auto\">\uff1a\u9ad8\u6ce2\u52a8\u7387\u4f1a\u5f71\u54cd\u60a8\u7684\u6267\u884c\u4ef7\u683c\u9009\u62e9\u3002\u5728\u9ad8\u6ce2\u52a8\u7387\u60c5\u51b5\u4e0b\uff0c\u4ef7\u5916\u671f\u6743 (OTM) \u66f4\u5177\u5438\u5f15\u529b\uff0c\u56e0\u4e3a\u5b83\u4eec\u5177\u6709\u66f4\u9ad8\u7684\u8d27\u5e01\u6027\u53d8\u52a8\u6f5c\u529b\u3002\u76f8\u53cd\uff0c\u5982\u679c\u6ce2\u52a8\u7387\u8f83\u4f4e\uff0c\u5219\u5e94\u8003\u8651\u4ef7\u5185\u671f\u6743 (ITM) \u6216\u81ea\u52a8\u63d0\u6b3e\u6743 (ATM) \u7684\u5185\u5728\u4ef7\u503c\uff0c\u56e0\u4e3a\u4ef7\u5916\u671f\u6743\u53ef\u80fd\u7f3a\u4e4f\u8db3\u591f\u7684\u52a8\u91cf\u6765\u63a8\u52a8\u4ef7\u5185\u671f\u6743 (ITM)\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u901a\u8fc7\u8003\u8651\u60a8\u7684\u5e02\u573a\u524d\u666f\u548c IV\uff0c\u60a8\u53ef\u4ee5\u9009\u62e9\u7b26\u5408\u60a8\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b\u548c\u4ea4\u6613\u76ee\u6807\u7684\u6267\u884c\u4ef7\u683c\u3002<\/span><\/p>\n<h2 id=\"9\"><span dir=\"auto\">\u6d89\u53ca\u91d1\u94b1\u7684\u5e38\u89c1\u7b56\u7565<\/span><\/h2>\n<p><span dir=\"auto\">\u4e86\u89e3\u8d27\u5e01\u6027\u5982\u4f55\u5f71\u54cd\u4e0d\u540c\u7684\u671f\u6743\u7b56\u7565\uff0c\u5bf9\u4e8e\u4f18\u5316\u60a8\u7684\u4ea4\u6613\u81f3\u5173\u91cd\u8981\u3002\u4ee5\u4e0b\u662f\u4e00\u4e9b\u5e38\u7528\u7684\u7b56\u7565\u4ee5\u53ca\u5b83\u4eec\u5982\u4f55\u5c06\u8d27\u5e01\u6027\u7eb3\u5165\u8003\u91cf\u3002<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u4e70\u5165\u770b\u6da8\u671f\u6743<\/span><\/b><span dir=\"auto\">\uff1a\u4e70\u5165\u4ef7\u5185\u770b\u6da8\u671f\u6743\u53ef\u7acb\u5373\u83b7\u5f97\u5185\u5728\u4ef7\u503c\uff0c\u4f46\u524d\u671f\u6210\u672c\u8f83\u9ad8\u3002\u4ef7\u5916\u770b\u6da8\u671f\u6743\u867d\u7136\u98ce\u9669\u8f83\u9ad8\uff0c\u4f46\u4ef7\u683c\u8f83\u4f4e\uff0c\u5e76\u4e14\u5982\u679c\u8d44\u4ea7\u4ef7\u683c\u4e0a\u6da8\uff0c\u5219\u6709\u66f4\u5927\u7684\u6536\u76ca\u6f5c\u529b\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u770b\u8dcc\u671f\u6743<\/span><\/b><span dir=\"auto\">\uff1a\u4e0e\u770b\u6da8\u671f\u6743\u7c7b\u4f3c\uff0c\u4e70\u5165\u4ef7\u5185\u770b\u8dcc\u671f\u6743\u610f\u5473\u7740\u524d\u671f\u6210\u672c\u8f83\u9ad8\uff0c\u4f46\u80fd\u4fdd\u62a4\u5185\u5728\u4ef7\u503c\u3002\u5bf9\u4e8e\u6295\u673a\u6027\u8f83\u5f3a\u7684\u4ed3\u4f4d\uff0c\u53ef\u4ee5\u9009\u62e9\u4ef7\u5916\u770b\u8dcc\u671f\u6743\uff0c\u6210\u672c\u8f83\u4f4e\uff0c\u4f46\u5982\u679c\u8d44\u4ea7\u4ef7\u683c\u4e0d\u4e0b\u8dcc\uff0c\u5219\u5230\u671f\u4f5c\u5e9f\u7684\u53ef\u80fd\u6027\u8f83\u9ad8\u3002<\/span><\/li>\n<li><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/crypto-options-trading-strategy-introduction-to-the-long-straddle\" target=\"_blank\" rel=\"noopener noreferrer\"><b><span dir=\"auto\">\u8de8\u5f0f\u671f\u6743<\/span><\/b><\/a><b><span dir=\"auto\">\u548c<\/span><\/b><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/strangle-explained\" target=\"_blank\" rel=\"noopener noreferrer\"><b><span dir=\"auto\">\u52d2\u5f0f\u671f\u6743<\/span><\/b><\/a><span dir=\"auto\">\uff1a\u8de8\u5f0f\u671f\u6743\u662f\u6307\u4ee5\u76f8\u540c\u7684ATM\u6267\u884c\u4ef7\u683c\u8d2d\u4e70\u770b\u6da8\u671f\u6743\u548c\u770b\u8dcc\u671f\u6743\uff0c\u65e0\u8bba\u65b9\u5411\u5982\u4f55\uff0c\u90fd\u80fd\u4ece\u6ce2\u52a8\u4e2d\u83b7\u5229\u3002\u9009\u62e9ATM\u6267\u884c\u4ef7\u683c\u53ef\u4ee5\u5e73\u8861\u4e24\u79cd\u671f\u6743\u7684\u6210\u672c\uff0c\u5e76\u6700\u5927\u9650\u5ea6\u5730\u63d0\u9ad8\u5bf9\u4efb\u4e00\u65b9\u5411\u4ef7\u683c\u53d8\u52a8\u7684\u654f\u611f\u5ea6\u3002\u52d2\u5f0f\u671f\u6743\u662f\u6307\u4ee5\u4e0d\u540c\u7684OTM\u6267\u884c\u4ef7\u683c\u8d2d\u4e70\u770b\u6da8\u671f\u6743\u548c\u770b\u8dcc\u671f\u6743\uff0c\u62bc\u6ce8\u9ad8\u6ce2\u52a8\u6027\u3002\u9009\u62e9OTM\u6267\u884c\u4ef7\u683c\u6bd4\u8de8\u5f0f\u671f\u6743\u6210\u672c\u66f4\u4f4e\uff0c\u4f46\u9700\u8981\u66f4\u5927\u7684\u4ef7\u683c\u6ce2\u52a8\u624d\u80fd\u83b7\u5229\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u6bcf\u79cd\u7b56\u7565\u90fd\u91c7\u7528\u8d27\u5e01\u6027\u6765\u9002\u5e94\u7279\u5b9a\u7684\u5e02\u573a\u60c5\u666f\uff0c\u5141\u8bb8\u4ea4\u6613\u8005\u9009\u62e9\u6700\u7b26\u5408\u9884\u671f\u8d70\u52bf\u548c\u6ce2\u52a8\u6027\u7684\u6267\u884c\u4ef7\u683c\u3002<\/span><\/p>\n<h2 id=\"10\"><span dir=\"auto\">\u98ce\u9669\u7ba1\u7406\u548c\u8d27\u5e01\u6027<\/span><\/h2>\n<p><span dir=\"auto\">\u8d27\u5e01\u6027\u5728\u98ce\u9669\u7ba1\u7406\u4e2d\u4e5f\u53d1\u6325\u7740\u5173\u952e\u4f5c\u7528\uff0c\u56e0\u4e3a\u4e0d\u540c\u7a0b\u5ea6\u7684\u8d27\u5e01\u6027\u4f1a\u5f71\u54cd\u6f5c\u5728\u7684\u56de\u62a5\u548c\u98ce\u9669\u3002<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u98ce\u9669\u66f4\u4f4e\u7684\u5b9e\u503c\u671f\u6743<\/span><\/b><span dir=\"auto\">\uff1a\u5b9e\u503c\u671f\u6743\u901a\u5e38\u6bd4\u81ea\u52a8\u53d6\u6b3e\u673a\u6216\u4ef7\u5916\u671f\u6743\u98ce\u9669\u66f4\u4f4e\uff0c\u56e0\u4e3a\u5b83\u4eec\u672c\u8eab\u5c31\u5305\u542b\u5185\u5728\u4ef7\u503c\u3002\u7136\u800c\uff0c\u7531\u4e8e\u884c\u4f7f\u671f\u6743\u540e\u53ef\u80fd\u7acb\u5373\u83b7\u5229\uff0c\u56e0\u6b64\u6210\u672c\u66f4\u9ad8\u3002\u5982\u679c\u60a8\u4f18\u5148\u8003\u8651\u98ce\u9669\u7ba1\u7406\uff0c\u5b9e\u503c\u671f\u6743\u6216\u8bb8\u662f\u60a8\u7684\u6b63\u786e\u9009\u62e9\uff0c\u5c24\u5176\u662f\u5728\u6ce2\u52a8\u6027\u8f83\u9ad8\u7684\u5e02\u573a\u4e2d\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u6295\u673a\u6027\u4ef7\u5dee\u671f\u6743<\/span><\/b><span dir=\"auto\">\uff1a\u4ef7\u5dee\u671f\u6743\u4ef7\u683c\u8f83\u4f4e\uff0c\u4e14\u6295\u673a\u6027\u8f83\u9ad8\u3002\u867d\u7136\u5b83\u4eec\u5728\u8d2d\u4e70\u65f6\u6ca1\u6709\u5185\u5728\u4ef7\u503c\uff0c\u4f46\u5982\u679c\u6807\u7684\u8d44\u4ea7\u7684\u4ef7\u683c\u6309\u9884\u671f\u6ce2\u52a8\uff0c\u5219\u53ef\u63d0\u4f9b\u9ad8\u6760\u6746\u3002\u56e0\u6b64\uff0c\u5b83\u4eec\u98ce\u9669\u8f83\u9ad8\uff0c\u4ec5\u9002\u7528\u4e8e\u613f\u610f\u627f\u62c5\u5168\u635f\u98ce\u9669\u7684\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">ATM \u671f\u6743\uff0c\u98ce\u9669\u4e0e\u56de\u62a5\u5747\u8861<\/span><\/b><span dir=\"auto\">\uff1aATM \u671f\u6743\u63d0\u4f9b\u5747\u8861\u7684\u98ce\u9669\u4e0e\u56de\u62a5\uff0c\u517c\u5177\u9002\u4e2d\u7684\u6210\u672c\u548c\u5bf9\u4ef7\u683c\u53cc\u5411\u6ce2\u52a8\u7684\u4e00\u5b9a\u654f\u611f\u6027\u3002\u8fd9\u7c7b\u671f\u6743\u9002\u5408\u90a3\u4e9b\u5e0c\u671b\u627f\u53d7\u6ce2\u52a8\u6027\u98ce\u9669\uff0c\u4f46\u53c8\u4e0d\u60f3\u627f\u62c5\u5b9e\u503c\u671f\u6743\u7684\u6781\u7aef\u6210\u672c\u6216\u865a\u503c\u671f\u6743\u7684\u9ad8\u98ce\u9669\u7684\u4ea4\u6613\u8005\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u901a\u8fc7\u5c06\u8d27\u5e01\u6027\u4e0e\u60a8\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b\u76f8\u7ed3\u5408\uff0c\u60a8\u53ef\u4ee5\u66f4\u6709\u6548\u5730\u7ba1\u7406\u98ce\u9669\u5e76\u505a\u51fa\u9002\u5408\u60a8\u7684\u4ea4\u6613\u76ee\u6807\u7684\u9009\u62e9\u3002<\/span><\/p>\n<h2 id=\"11\"><span dir=\"auto\">\u8d27\u5e01\u6027\u7a81\u7136\u8f6c\u53d8\u7684\u4f8b\u5b50<\/span><\/h2>\n<p><span dir=\"auto\">\u4e3a\u4e86\u8fdb\u4e00\u6b65\u8bf4\u660e\u8d27\u5e01\u6027\u5982\u4f55\u53d8\u5316\uff0c\u4ee5\u4e0b\u662f\u5f71\u54cd\u52a0\u5bc6\u671f\u6743\u5e02\u573a\u7684\u73b0\u5b9e\u4e8b\u4ef6\u7684\u4f8b\u5b50\u3002<\/span><\/p>\n<ul>\n<li><b><span dir=\"auto\">\u5e02\u573a\u6ce2\u52a8\u6027\u98d9\u5347<\/span><\/b><span dir=\"auto\">\uff1a\u5f53\u91cd\u5927\u65b0\u95fb\u6216\u4e8b\u4ef6\u53d1\u751f\u65f6\uff0c\u4f8b\u5982\u76d1\u7ba1\u516c\u544a\u6216\u5b8f\u89c2\u7ecf\u6d4e\u53d8\u5316\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u901a\u5e38\u4f1a\u51fa\u73b0\u6ce2\u52a8\u6027\u98d9\u5347\u3002\u5047\u8bbe Microstrategy \u9996\u5e2d\u6267\u884c\u5b98 Michael Saylor \u5ba3\u5e03\u4ed6\u613f\u610f\u8d2d\u4e70\u66f4\u591a\u6bd4\u7279\u5e01\u3002BTC \u7684\u5e02\u573a\u4ef7\u683c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/price\/bitcoin-btc\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u53ef\u80fd<\/span><\/a><span dir=\"auto\">\u4f1a\u98d9\u5347\uff0c\u4ece\u800c\u5c06\u671f\u6743\u8f6c\u6362\u4e3a ITM\uff0c\u5e76\u63d0\u9ad8\u5176\u5185\u5728\u4ef7\u503c\u3002<\/span><\/li>\n<li><b><span dir=\"auto\">\u534f\u8bae\u5347\u7ea7<\/span><\/b><span dir=\"auto\">\uff1a\u5bf9\u4e8e\u5373\u5c06\u8fdb\u884c\u534f\u8bae\u5347\u7ea7\u6216\u83b7\u5f97\u91cd\u5927\u5408\u4f5c\u7684\u4ee3\u5e01\uff0c\u4ef7\u683c\u53ef\u80fd\u4f1a\u53d1\u751f\u5267\u70c8\u6ce2\u52a8\u3002\u5982\u679c\u60a8\u6301\u6709\u4ef7\u5916\uff08OTM\uff09<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/price\/ethereum-eth\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4ee5\u592a\u5e01<\/span><\/a><span dir=\"auto\">\u770b\u6da8\u671f\u6743\uff0c\u800c\u5373\u5c06\u8fdb\u884c\u7684\u5347\u7ea7\u63d0\u5347\u4e86\u53ef\u6269\u5c55\u6027\uff0c\u90a3\u4e48 ETH 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academy-accordion-header-expanded index_contentHeader__DWIme academy-a11y-button\" role=\"button\" aria-controls=\":Riir:-content\" aria-expanded=\"true\">\n<div class=\"academy-accordion-header-title index_contentTitle__+kG3g\"><span dir=\"auto\">\u52a0\u5bc6\u671f\u6743\u4e2d\u7684\u8d27\u5e01\u6027\u662f\u5982\u4f55\u8ba1\u7b97\u7684\uff1f<\/span><\/div>\n<p><i class=\"icon iconfont okds-arrow-chevron-down-sm academy-accordion-header-icon academy-accordion-header-icon-expanded index_iconArrow__HE2lN index_custom__EbXt5\" aria-hidden=\"true\"><\/i><\/div>\n<div id=\":Riir:-content\" class=\"academy-accordion-content academy-accordion-content-expanded index_content__Zi13z\" role=\"region\" aria-labelledby=\":Riir:-header\">\n<p><span 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