Th&#7913; S&aacute;u l&agrave; ng&agrave;y &#273;&aacute;o h&#7841;n h&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n, v&agrave; &#273;&atilde; c&oacute; s&#7921; gia t&#259;ng trong giao d&#7883;ch ph&aacute;i sinh g&#7847;n &#273;&acirc;y, v&#7899;i kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch t&#432;&#417;ng lai c&#7911;a Binance t&#259;ng v&#7885;t khi c&aacute;c nh&agrave; giao d&#7883;ch chu&#7849;n b&#7883; cho s&#7921; thay &#273;&#7893;i l&#7899;n v&#7873; bi&#7871;n &#273;&#7897;ng.
Kho&#7843;ng 247,000 h&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n Bitcoin v&agrave; Ethereum s&#7869; &#273;&aacute;o h&#7841;n ng&agrave;y h&ocirc;m nay. S&#7889; l&#432;&#7907;ng n&agrave;y &iacute;t h&#417;n m&#7897;t ph&#7847;n ba so v&#7899;i s&#7921; ki&#7879;n &#273;&aacute;o h&#7841;n c&#7911;a tu&#7847;n tr&#432;&#7899;c, khi g&#7847;n 720,000 h&#7907;p &#273;&#7891;ng b&#7883; x&oacute;a s&#7893;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-over-4-billion-in-options-expiry-sparks-volatility-amid-mixed-sentime-nt">H&#417;n 4 t&#7927; USD h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n g&acirc;y ra bi&#7871;n &#273;&#7897;ng khi t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng tr&aacute;i chi&#7873;u</h2>

D&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y h&#417;n 4.07 t&#7927; USD c&#7911;a c&aacute;c t&ugrave;y ch&#7885;n Bitcoin v&agrave; Ethereum (ETH) s&#7869; &#273;&aacute;o h&#7841;n h&ocirc;m nay. &#272;&#7889;i v&#7899;i Bitcoin, c&aacute;c t&ugrave;y ch&#7885;n &#273;&aacute;o h&#7841;n c&oacute; gi&aacute; tr&#7883; danh ngh&#297;a l&agrave; 3.4 t&#7927; USD v&agrave; t&#7893;ng l&atilde;i su&#7845;t m&#7903; l&agrave; 36,906.
V&#7899;i t&#7927; l&#7879; Put-to-Call l&agrave; 0.91, m&#7913;c &#273;au t&#7889;i &#273;a cho c&aacute;c t&ugrave;y ch&#7885;n Bitcoin &#273;&aacute;o h&#7841;n ng&agrave;y h&ocirc;m nay l&agrave; 91,000 USD, th&#7845;p h&#417;n m&#7897;t ch&uacute;t so v&#7899;i <a href="https://beincrypto.com/price/bitcoin/" target="_blank" rel="noreferrer noopener">gi&aacute; BTC hi&#7879;n t&#7841;i l&agrave; 92,279 USD</a>.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/O8YIx_UDre9SKFaqgRym1bKtvDk=/smart/f7a2c846ed74425a9d73d8633067ad0a" alt="Expiring Bitcoin Options" class="wp-image-779714">H&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n Bitcoin &#273;&aacute;o h&#7841;n. Ngu&#7891;n: <a href="https://www.deribit.com/statistics/BTC/metrics/options" target="_blank" rel="noreferrer noopener nofollow">Deribit</a>

&#272;&#7889;i v&#7899;i c&aacute;c t&ugrave;y ch&#7885;n Ethereum t&#432;&#417;ng &#7913;ng, gi&aacute; tr&#7883; danh ngh&#297;a cho c&aacute;c t&ugrave;y ch&#7885;n ETH &#273;&aacute;o h&#7841;n h&ocirc;m nay l&agrave; 668.95 tri&#7879;u USD, v&#7899;i t&#7893;ng l&atilde;i su&#7845;t m&#7903; l&agrave; 210,304.
Gi&#7889;ng Bitcoin, c&aacute;c t&ugrave;y ch&#7885;n Ethereum &#273;&aacute;o h&#7841;n h&ocirc;m nay c&oacute; t&#7927; l&#7879; Put-to-Call d&#432;&#7899;i 1, v&#7899;i d&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y PCR l&agrave; 0.78 t&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i n&agrave;y. M&#7913;c &#273;au t&#7889;i &#273;a, hay gi&aacute; strike, l&agrave; 3,050 USD, th&#7845;p h&#417;n m&#7897;t ch&uacute;t so v&#7899;i <a href="https://beincrypto.com/price/ethereum/" target="_blank" rel="noreferrer noopener">gi&aacute; ETH hi&#7879;n t&#7841;i l&agrave; 3,180 USD</a>.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/VyVIesVNTi-PT7oMUUAsSzhv3cE=/smart/b2a1e04338f84d4daa2903f98eb71256" alt="Expiring Ethereum Options" class="wp-image-779717">H&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n Ethereum &#273;&aacute;o h&#7841;n. Ngu&#7891;n: <a href="https://www.deribit.com/statistics/ETH/metrics/options" target="_blank" rel="noreferrer noopener nofollow">Deribit</a>

M&#7913;c &#273;au t&#7889;i &#273;a l&agrave; m&#7897;t ch&#7881; s&#7889; quan tr&#7885;ng trong <a href="https://beincrypto.com/learn/crypto-options-trading/" target="_blank" rel="noreferrer noopener">giao d&#7883;ch t&ugrave;y ch&#7885;n ti&#7873;n &#273;i&#7879;n t&#7917;</a>. N&oacute; th&#7875; hi&#7879;n m&#7913;c gi&aacute; m&agrave; t&#7841;i &#273;&oacute; h&#7847;u h&#7871;t c&aacute;c h&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n h&#7871;t h&#7841;n v&ocirc; gi&aacute; tr&#7883;. K&#7883;ch b&#7843;n n&agrave;y g&acirc;y ra thi&#7879;t h&#7841;i t&agrave;i ch&iacute;nh t&#7889;i &#273;a, hay &ldquo;&#273;au &#273;&#7899;n,&rdquo; cho c&aacute;c nh&agrave; giao d&#7883;ch &#273;ang gi&#7919; nh&#7919;ng t&ugrave;y ch&#7885;n n&agrave;y.
&#272;&aacute;ng ch&uacute; &yacute;, c&aacute;c t&ugrave;y ch&#7885;n Bitcoin v&agrave; Ethereum &#273;&aacute;o h&#7841;n h&ocirc;m nay <a href="https://vn.beincrypto.com/bitcoin-ethereum-options-expiry-impact-december-2023/" target="_blank" rel="noreferrer noopener">th&#7845;p h&#417;n &#273;&aacute;ng k&#7875; so v&#7899;i tu&#7847;n tr&#432;&#7899;c</a>. Ng&agrave;y 28/11/2023, BeInCrypto &#273;&atilde; b&aacute;o c&aacute;o r&#7857;ng h&#417;n 15 t&#7927; USD trong c&aacute;c t&ugrave;y ch&#7885;n &#273;&aacute;o h&#7841;n &#273;&atilde; &#273;&#432;&#7907;c nh&#7845;n m&#7841;nh, v&#7899;i 145,482 BTC v&agrave; 574,208 h&#7907;p &#273;&#7891;ng ETH, v&#7899;i gi&aacute; tr&#7883; danh ngh&#297;a l&#7847;n l&#432;&#7907;t l&agrave; 13.28 t&#7927; USD v&agrave; 1.73 t&#7927; USD.
M&#7897;t PCR d&#432;&#7899;i 1 cho th&#7845;y nhi&#7873;u quy&#7873;n ch&#7885;n Mua (Call) h&#417;n l&agrave; quy&#7873;n ch&#7885;n B&aacute;n (Put). V&igrave; v&#7853;y, &#273;i&#7873;u n&agrave;y cho th&#7845;y t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng l&#7841;c quan h&#417;n v&#7899;i Ethereum, v&agrave; bi quan h&#417;n v&#7899;i Bitcoin, v&#7889;n c&oacute; nhi&#7873;u Put h&#417;n l&agrave; Call.
V&#7899;i PCR l&agrave; 0.91, th&#7883; tr&#432;&#7901;ng t&ugrave;y ch&#7885;n Bitcoin cho th&#7845;y m&#7897;t t&acirc;m l&yacute; g&#7847;n nh&#432; c&acirc;n b&#7857;ng, v&#7899;i m&#7897;t ch&uacute;t nghi&ecirc;ng v&#7873; ph&iacute;a b&#7843;o hi&#7875;m r&#7911;i ro ho&#7863;c &#273;&#7883;nh h&#432;&#7899;ng ph&ograve;ng th&#7911;. C&aacute;c nh&agrave; giao d&#7883;ch &#273;ang th&#7853;n tr&#7885;ng nh&#432;ng kh&ocirc;ng qu&aacute; bi quan v&#7873; BTC.
Quan &#273;i&#7875;m c&acirc;n b&#7857;ng n&agrave;y xu&#7845;t hi&#7879;n khi c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang suy &#273;o&aacute;n li&#7879;u th&#7883; tr&#432;&#7901;ng c&oacute; di chuy&#7875;n l&ecirc;n cao h&#417;n ho&#7863;c &#273;ang b&#7843;o hi&#7875;m danh m&#7909;c &#273;&#7847;u t&#432; c&#7911;a h&#7885; trong tr&#432;&#7901;ng h&#7907;p b&aacute;n th&aacute;o.
Ethereum c&oacute; PCR l&agrave; 0.78, cho th&#7845;y c&oacute; nhi&#7873;u quy&#7873;n ch&#7885;n Mua h&#417;n quy&#7873;n ch&#7885;n B&aacute;n, cho th&#7845;y v&#7883; th&#7871; l&#7841;c quan m&#7841;nh m&#7869; h&#417;n. C&aacute;c nh&agrave; giao d&#7883;ch l&#7841;c quan h&#417;n v&#7873; ETH so v&#7899;i BTC v&agrave;o l&uacute;c n&agrave;y.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-options-desks-see-stealth-positioning-shift">Options desks nh&#7853;n th&#7845;y s&#7921; chuy&#7875;n &#273;&#7893;i v&#7883; th&#7871; k&iacute;n &#273;&aacute;o</h2>

D&ugrave; gi&aacute; giao ngay l&ecirc;n xu&#7889;ng th&#7845;t th&#432;&#7901;ng, d&#7919; li&#7879;u t&ugrave;y ch&#7885;n ch&#7881; ra m&#7897;t s&#7921; lu&acirc;n chuy&#7875;n y&ecirc;n t&#297;nh nh&#432;ng c&oacute; &yacute; ngh&#297;a v&agrave;o c&aacute;c k&#7923; &#273;&aacute;o h&#7841;n gi&#7919;a n&#259;m 2026, &#273;&#7863;c bi&#7879;t l&agrave; &#273;&#7889;i v&#7899;i Bitcoin.
C&aacute;c qu&#7847;y giao d&#7883;ch t&#7893; ch&#7913;c &#273;&#432;&#7907;c cho l&agrave; &#273;ang t&#259;ng c&#432;&#7901;ng ph&#417;i b&agrave;y quy&#7873;n ch&#7885;n mua (call) li&ecirc;n quan &#273;&#7871;n <a href="https://vn.beincrypto.com/88-chance-of-rate-cut-why-is-bitcoin-crashing-while-silver-soars/" target="_blank" rel="noreferrer noopener">c&aacute;c &#273;&#7907;t c&#7855;t gi&#7843;m l&atilde;i su&#7845;t d&#7921; ki&#7871;n</a>, nhu c&#7847;u ETF, v&agrave; c&aacute;c &#273;i&#7873;u ki&#7879;n thanh kho&#7843;n c&#7843;i thi&#7879;n.
L&atilde;i su&#7845;t m&#7903; tr&ecirc;n c&aacute;c n&#7873;n t&#7843;ng ph&aacute;i sinh ti&#7871;p t&#7909;c t&#259;ng, v&#7899;i d&ograve;ng ti&#7873;n m&#7899;i cho th&#7845;y c&aacute;c nh&agrave; giao d&#7883;ch &#273;ang chu&#7849;n b&#7883; cho m&#7897;t s&#7921; ph&#7909;c h&#7891;i nhi&#7873;u qu&yacute;. &#272;i&#7873;u n&agrave;y ph&ugrave; h&#7907;p v&#7899;i c&aacute;c quan s&aacute;t t&#7915; c&ocirc;ng ty ph&acirc;n t&iacute;ch ph&aacute;i sinh Laevitas.
D&#7919; li&#7879;u ph&#7843;n &aacute;nh m&#7897;t th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh tr&#432;&#7903;ng th&agrave;nh &#273;ang ng&agrave;y c&agrave;ng b&#7883; chi ph&#7889;i b&#7903;i c&aacute;c lu&#7891;ng giao d&#7883;ch chuy&ecirc;n nghi&#7879;p.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-analysts-track-bearish-skew-but-bullish-hints-emerge">Nh&agrave; ph&acirc;n t&iacute;ch theo d&otilde;i xu h&#432;&#7899;ng gi&#7843;m&mdash;Nh&#432;ng d&#7845;u hi&#7879;u t&#259;ng tr&#432;&#7903;ng xu&#7845;t hi&#7879;n</h2>

D&ugrave; c&oacute; s&#7921; l&#7841;c quan v&#7873; d&agrave;i h&#7841;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch cho bi&#7871;t t&acirc;m l&yacute; ng&#7855;n h&#7841;n v&#7851;n c&ograve;n m&acirc;u thu&#7851;n. Trong m&#7897;t c&#7853;p nh&#7853;t ng&agrave;y 02/12, Greeks.live <a href="https://x.com/GreeksLive/status/1995865946972434632?s=20" target="_blank" rel="noreferrer noopener nofollow">m&ocirc; t&#7843;</a> v&#7883; th&#7871; c&#7911;a nh&agrave; giao d&#7883;ch nh&#432; sau:
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;S&#7921; l&#7841;c quan th&#7853;n tr&#7885;ng c&#7911;a c&aacute;c nh&agrave; giao d&#7883;ch &#273;&atilde; g&#7885;i &#273;&aacute;y v&agrave; mong &#273;&#7907;i m&#7897;t s&#7921; gia t&#259;ng, m&#7863;c d&ugrave; t&acirc;m l&yacute; b&#7883; gi&#7899;i h&#7841;n b&#7903;i s&#7921; th&#7845;t v&#7885;ng v&#7873; h&agrave;nh &#273;&#7897;ng gi&aacute; th&#7845;t th&#432;&#7901;ng v&agrave; nh&#7919;ng &#273;&#7897;ng th&aacute;i gi&#7843;.&rdquo;
</blockquote>

Greeks.live b&#7893; sung r&#7857;ng s&#7921; l&#7879;ch put v&#7851;n gi&#7919; m&#7913;c cao, cho th&#7845;y th&#7883; tr&#432;&#7901;ng v&#7851;n &#273;&#7863;t gi&aacute; cho kh&#7843; n&#259;ng gi&#7843;m gi&aacute; ng&#7855;n h&#7841;n:
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Nh&#7919;ng ng&#432;&#7901;i b&aacute;n r&#7911;i ro chi&#7871;m &#432;u th&#7871; tr&ecirc;n b&#7843;ng giao d&#7883;ch th&ocirc;ng qua c&aacute;c chi&#7871;n l&#432;&#7907;c put ng&#7855;n&hellip; tr&aacute;nh vi&#7879;c mua call trong c&aacute;c &#273;&#7907;t gi&#7843;m, h&#7885;c t&#7915; s&#7921; bi&#7871;n &#273;&#7897;ng &#273;&aacute;o h&#7841;n t&#7915; 100k USD &#273;&#7871;n 78k USD &#273;&#7871;n 95k USD v&agrave;o th&aacute;ng 02.&rdquo; h&#7885; vi&#7871;t.
</blockquote>

Tuy nhi&ecirc;n, s&#7921; n&eacute;n ch&#7863;t bi&#7871;n &#273;&#7897;ng, &#273;&#7863;c bi&#7879;t l&agrave; v&#7899;i Bitcoin, &#273;&atilde; m&#7903; ra c&#417; h&#7897;i trong t&ugrave;y ch&#7885;n ETH, n&#417;i m&agrave; c&aacute;c nh&agrave; giao d&#7883;ch th&#7845;y m&#7913;c &#273;&#7897; bi&#7871;n &#273;&#7897;ng h&#7845;p d&#7851;n h&#417;n.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-capital-shifts-toward-yield-and-preservation">D&ograve;ng v&#7889;n chuy&#7875;n h&#432;&#7899;ng &#273;&#7871;n l&#7907;i nhu&#7853;n v&agrave; b&#7843;o to&agrave;n</h2>

Deribit &#273;&atilde; nh&#7845;n m&#7841;nh s&#7921; chuy&#7875;n h&#432;&#7899;ng r&#7897;ng r&atilde;i h&#417;n v&#7873; c&aacute;c chi&#7871;n l&#432;&#7907;c &#273;&#7841;t &#273;&#432;&#7907;c, b&#7873;n v&#7919;ng h&#417;n. Khi bi&#7871;n &#273;&#7897;ng gi&#7843;m d&#7847;n v&agrave; c&oacute; nhi&#7873;u v&#7889;n h&#417;n v&agrave;o th&#7883; tr&#432;&#7901;ng, c&aacute;c nh&agrave; giao d&#7883;ch &#273;ang chuy&#7875;n t&#7915; c&aacute;c giao d&#7883;ch nhanh &lsquo;5&ndash;10x&rsquo; sang b&#7843;o to&agrave;n v&#7889;n v&agrave; l&#7845;y l&#7907;i nhu&#7853;n b&#7873;n v&#7919;ng.
Tr&#432;&#7899;c khi c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n h&ocirc;m nay, c&aacute;c nh&agrave; giao d&#7883;ch n&ecirc;n k&#7923; v&#7885;ng s&#7869; c&oacute; m&#7897;t s&#7889; bi&#7871;n &#273;&#7897;ng, &#273;i&#7873;u n&agrave;y c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng &#273;&#7871;n h&agrave;nh &#273;&#7897;ng gi&aacute; ng&#7855;n h&#7841;n. Tuy nhi&ecirc;n, th&#7883; tr&#432;&#7901;ng c&oacute; th&#7875; &#7893;n &#273;&#7883;nh ngay sau 8:00 UTC khi c&aacute;c h&#7907;p &#273;&#7891;ng tr&ecirc;n Deribit h&#7871;t h&#7841;n v&agrave; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;i&#7873;u ch&#7881;nh v&#7899;i m&ocirc;i tr&#432;&#7901;ng giao d&#7883;ch m&#7899;i.

Hơn 4 tỷ USD trong tùy chọn BTC và ETH biến mất khi các nhà giao dịch âm thầm đặt cược vào sự trở lại vào năm 2026

Th&#7913; S&aacute;u l&agrave; ng&agrave;y &#273;&aacute;o h&#7841;n h&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n, v&agrave; &#273;&atilde; c&oacute; s&#7921; gia t&#259;ng trong giao d&#7883;ch ph&aacute;i sinh g&#7847;n &#273;&acirc;y, v&#7899;i kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch t&#432;&#417;ng lai c&#7911;a Binance t&#259;ng v&#7885;t khi c&aacute;c nh&agrave; giao d&#7883;ch chu&#7849;n b&#7883; cho s&#7921; thay &#273;&#7893;i l&#7899;n v&#7873; bi&#7871;n &#273;&#7897;ng.
Kho&#7843;ng 247,000 h&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n Bitcoin v&agrave; Ethereum s&#7869; &#273;&aacute;o h&#7841;n ng&agrave;y h&ocirc;m nay. S&#7889; l&#432;&#7907;ng n&agrave;y &iacute;t h&#417;n m&#7897;t ph&#7847;n ba so v&#7899;i s&#7921; ki&#7879;n &#273;&aacute;o h&#7841;n c&#7911;a tu&#7847;n tr&#432;&#7899;c, khi g&#7847;n 720,000 h&#7907;p &#273;&#7891;ng b&#7883; x&oacute;a s&#7893;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-over-4-billion-in-options-expiry-sparks-volatility-amid-mixed-sentime-nt">H&#417;n 4 t&#7927; USD h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n g&acirc;y ra bi&#7871;n &#273;&#7897;ng khi t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng tr&aacute;i chi&#7873;u</h2>

D&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y h&#417;n 4.07 t&#7927; USD c&#7911;a c&aacute;c t&ugrave;y ch&#7885;n Bitcoin v&agrave; Ethereum (ETH) s&#7869; &#273;&aacute;o h&#7841;n h&ocirc;m nay. &#272;&#7889;i v&#7899;i Bitcoin, c&aacute;c t&ugrave;y ch&#7885;n &#273;&aacute;o h&#7841;n c&oacute; gi&aacute; tr&#7883; danh ngh&#297;a l&agrave; 3.4 t&#7927; USD v&agrave; t&#7893;ng l&atilde;i su&#7845;t m&#7903; l&agrave; 36,906.
V&#7899;i t&#7927; l&#7879; Put-to-Call l&agrave; 0.91, m&#7913;c &#273;au t&#7889;i &#273;a cho c&aacute;c t&ugrave;y ch&#7885;n Bitcoin &#273;&aacute;o h&#7841;n ng&agrave;y h&ocirc;m nay l&agrave; 91,000 USD, th&#7845;p h&#417;n m&#7897;t ch&uacute;t so v&#7899;i <a href="https://beincrypto.com/price/bitcoin/" target="_blank" rel="noreferrer noopener">gi&aacute; BTC hi&#7879;n t&#7841;i l&agrave; 92,279 USD</a>.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/O8YIx_UDre9SKFaqgRym1bKtvDk=/smart/f7a2c846ed74425a9d73d8633067ad0a" alt="Expiring Bitcoin Options" class="wp-image-779714">H&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n Bitcoin &#273;&aacute;o h&#7841;n. Ngu&#7891;n: <a href="https://www.deribit.com/statistics/BTC/metrics/options" target="_blank" rel="noreferrer noopener nofollow">Deribit</a>

&#272;&#7889;i v&#7899;i c&aacute;c t&ugrave;y ch&#7885;n Ethereum t&#432;&#417;ng &#7913;ng, gi&aacute; tr&#7883; danh ngh&#297;a cho c&aacute;c t&ugrave;y ch&#7885;n ETH &#273;&aacute;o h&#7841;n h&ocirc;m nay l&agrave; 668.95 tri&#7879;u USD, v&#7899;i t&#7893;ng l&atilde;i su&#7845;t m&#7903; l&agrave; 210,304.
Gi&#7889;ng Bitcoin, c&aacute;c t&ugrave;y ch&#7885;n Ethereum &#273;&aacute;o h&#7841;n h&ocirc;m nay c&oacute; t&#7927; l&#7879; Put-to-Call d&#432;&#7899;i 1, v&#7899;i d&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y PCR l&agrave; 0.78 t&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i n&agrave;y. M&#7913;c &#273;au t&#7889;i &#273;a, hay gi&aacute; strike, l&agrave; 3,050 USD, th&#7845;p h&#417;n m&#7897;t ch&uacute;t so v&#7899;i <a href="https://beincrypto.com/price/ethereum/" target="_blank" rel="noreferrer noopener">gi&aacute; ETH hi&#7879;n t&#7841;i l&agrave; 3,180 USD</a>.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/VyVIesVNTi-PT7oMUUAsSzhv3cE=/smart/b2a1e04338f84d4daa2903f98eb71256" alt="Expiring Ethereum Options" class="wp-image-779717">H&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n Ethereum &#273;&aacute;o h&#7841;n. Ngu&#7891;n: <a href="https://www.deribit.com/statistics/ETH/metrics/options" target="_blank" rel="noreferrer noopener nofollow">Deribit</a>

M&#7913;c &#273;au t&#7889;i &#273;a l&agrave; m&#7897;t ch&#7881; s&#7889; quan tr&#7885;ng trong <a href="https://beincrypto.com/learn/crypto-options-trading/" target="_blank" rel="noreferrer noopener">giao d&#7883;ch t&ugrave;y ch&#7885;n ti&#7873;n &#273;i&#7879;n t&#7917;</a>. N&oacute; th&#7875; hi&#7879;n m&#7913;c gi&aacute; m&agrave; t&#7841;i &#273;&oacute; h&#7847;u h&#7871;t c&aacute;c h&#7907;p &#273;&#7891;ng t&ugrave;y ch&#7885;n h&#7871;t h&#7841;n v&ocirc; gi&aacute; tr&#7883;. K&#7883;ch b&#7843;n n&agrave;y g&acirc;y ra thi&#7879;t h&#7841;i t&agrave;i ch&iacute;nh t&#7889;i &#273;a, hay &ldquo;&#273;au &#273;&#7899;n,&rdquo; cho c&aacute;c nh&agrave; giao d&#7883;ch &#273;ang gi&#7919; nh&#7919;ng t&ugrave;y ch&#7885;n n&agrave;y.
&#272;&aacute;ng ch&uacute; &yacute;, c&aacute;c t&ugrave;y ch&#7885;n Bitcoin v&agrave; Ethereum &#273;&aacute;o h&#7841;n h&ocirc;m nay <a href="https://vn.beincrypto.com/bitcoin-ethereum-options-expiry-impact-december-2023/" target="_blank" rel="noreferrer noopener">th&#7845;p h&#417;n &#273;&aacute;ng k&#7875; so v&#7899;i tu&#7847;n tr&#432;&#7899;c</a>. Ng&agrave;y 28/11/2023, BeInCrypto &#273;&atilde; b&aacute;o c&aacute;o r&#7857;ng h&#417;n 15 t&#7927; USD trong c&aacute;c t&ugrave;y ch&#7885;n &#273;&aacute;o h&#7841;n &#273;&atilde; &#273;&#432;&#7907;c nh&#7845;n m&#7841;nh, v&#7899;i 145,482 BTC v&agrave; 574,208 h&#7907;p &#273;&#7891;ng ETH, v&#7899;i gi&aacute; tr&#7883; danh ngh&#297;a l&#7847;n l&#432;&#7907;t l&agrave; 13.28 t&#7927; USD v&agrave; 1.73 t&#7927; USD.
M&#7897;t PCR d&#432;&#7899;i 1 cho th&#7845;y nhi&#7873;u quy&#7873;n ch&#7885;n Mua (Call) h&#417;n l&agrave; quy&#7873;n ch&#7885;n B&aacute;n (Put). V&igrave; v&#7853;y, &#273;i&#7873;u n&agrave;y cho th&#7845;y t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng l&#7841;c quan h&#417;n v&#7899;i Ethereum, v&agrave; bi quan h&#417;n v&#7899;i Bitcoin, v&#7889;n c&oacute; nhi&#7873;u Put h&#417;n l&agrave; Call.
V&#7899;i PCR l&agrave; 0.91, th&#7883; tr&#432;&#7901;ng t&ugrave;y ch&#7885;n Bitcoin cho th&#7845;y m&#7897;t t&acirc;m l&yacute; g&#7847;n nh&#432; c&acirc;n b&#7857;ng, v&#7899;i m&#7897;t ch&uacute;t nghi&ecirc;ng v&#7873; ph&iacute;a b&#7843;o hi&#7875;m r&#7911;i ro ho&#7863;c &#273;&#7883;nh h&#432;&#7899;ng ph&ograve;ng th&#7911;. C&aacute;c nh&agrave; giao d&#7883;ch &#273;ang th&#7853;n tr&#7885;ng nh&#432;ng kh&ocirc;ng qu&aacute; bi quan v&#7873; BTC.
Quan &#273;i&#7875;m c&acirc;n b&#7857;ng n&agrave;y xu&#7845;t hi&#7879;n khi c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang suy &#273;o&aacute;n li&#7879;u th&#7883; tr&#432;&#7901;ng c&oacute; di chuy&#7875;n l&ecirc;n cao h&#417;n ho&#7863;c &#273;ang b&#7843;o hi&#7875;m danh m&#7909;c &#273;&#7847;u t&#432; c&#7911;a h&#7885; trong tr&#432;&#7901;ng h&#7907;p b&aacute;n th&aacute;o.
Ethereum c&oacute; PCR l&agrave; 0.78, cho th&#7845;y c&oacute; nhi&#7873;u quy&#7873;n ch&#7885;n Mua h&#417;n quy&#7873;n ch&#7885;n B&aacute;n, cho th&#7845;y v&#7883; th&#7871; l&#7841;c quan m&#7841;nh m&#7869; h&#417;n. C&aacute;c nh&agrave; giao d&#7883;ch l&#7841;c quan h&#417;n v&#7873; ETH so v&#7899;i BTC v&agrave;o l&uacute;c n&agrave;y.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-options-desks-see-stealth-positioning-shift">Options desks nh&#7853;n th&#7845;y s&#7921; chuy&#7875;n &#273;&#7893;i v&#7883; th&#7871; k&iacute;n &#273;&aacute;o</h2>

D&ugrave; gi&aacute; giao ngay l&ecirc;n xu&#7889;ng th&#7845;t th&#432;&#7901;ng, d&#7919; li&#7879;u t&ugrave;y ch&#7885;n ch&#7881; ra m&#7897;t s&#7921; lu&acirc;n chuy&#7875;n y&ecirc;n t&#297;nh nh&#432;ng c&oacute; &yacute; ngh&#297;a v&agrave;o c&aacute;c k&#7923; &#273;&aacute;o h&#7841;n gi&#7919;a n&#259;m 2026, &#273;&#7863;c bi&#7879;t l&agrave; &#273;&#7889;i v&#7899;i Bitcoin.
C&aacute;c qu&#7847;y giao d&#7883;ch t&#7893; ch&#7913;c &#273;&#432;&#7907;c cho l&agrave; &#273;ang t&#259;ng c&#432;&#7901;ng ph&#417;i b&agrave;y quy&#7873;n ch&#7885;n mua (call) li&ecirc;n quan &#273;&#7871;n <a href="https://vn.beincrypto.com/88-chance-of-rate-cut-why-is-bitcoin-crashing-while-silver-soars/" target="_blank" rel="noreferrer noopener">c&aacute;c &#273;&#7907;t c&#7855;t gi&#7843;m l&atilde;i su&#7845;t d&#7921; ki&#7871;n</a>, nhu c&#7847;u ETF, v&agrave; c&aacute;c &#273;i&#7873;u ki&#7879;n thanh kho&#7843;n c&#7843;i thi&#7879;n.
L&atilde;i su&#7845;t m&#7903; tr&ecirc;n c&aacute;c n&#7873;n t&#7843;ng ph&aacute;i sinh ti&#7871;p t&#7909;c t&#259;ng, v&#7899;i d&ograve;ng ti&#7873;n m&#7899;i cho th&#7845;y c&aacute;c nh&agrave; giao d&#7883;ch &#273;ang chu&#7849;n b&#7883; cho m&#7897;t s&#7921; ph&#7909;c h&#7891;i nhi&#7873;u qu&yacute;. &#272;i&#7873;u n&agrave;y ph&ugrave; h&#7907;p v&#7899;i c&aacute;c quan s&aacute;t t&#7915; c&ocirc;ng ty ph&acirc;n t&iacute;ch ph&aacute;i sinh Laevitas.
D&#7919; li&#7879;u ph&#7843;n &aacute;nh m&#7897;t th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh tr&#432;&#7903;ng th&agrave;nh &#273;ang ng&agrave;y c&agrave;ng b&#7883; chi ph&#7889;i b&#7903;i c&aacute;c lu&#7891;ng giao d&#7883;ch chuy&ecirc;n nghi&#7879;p.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-analysts-track-bearish-skew-but-bullish-hints-emerge">Nh&agrave; ph&acirc;n t&iacute;ch theo d&otilde;i xu h&#432;&#7899;ng gi&#7843;m&mdash;Nh&#432;ng d&#7845;u hi&#7879;u t&#259;ng tr&#432;&#7903;ng xu&#7845;t hi&#7879;n</h2>

D&ugrave; c&oacute; s&#7921; l&#7841;c quan v&#7873; d&agrave;i h&#7841;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch cho bi&#7871;t t&acirc;m l&yacute; ng&#7855;n h&#7841;n v&#7851;n c&ograve;n m&acirc;u thu&#7851;n. Trong m&#7897;t c&#7853;p nh&#7853;t ng&agrave;y 02/12, Greeks.live <a href="https://x.com/GreeksLive/status/1995865946972434632?s=20" target="_blank" rel="noreferrer noopener nofollow">m&ocirc; t&#7843;</a> v&#7883; th&#7871; c&#7911;a nh&agrave; giao d&#7883;ch nh&#432; sau:
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;S&#7921; l&#7841;c quan th&#7853;n tr&#7885;ng c&#7911;a c&aacute;c nh&agrave; giao d&#7883;ch &#273;&atilde; g&#7885;i &#273;&aacute;y v&agrave; mong &#273;&#7907;i m&#7897;t s&#7921; gia t&#259;ng, m&#7863;c d&ugrave; t&acirc;m l&yacute; b&#7883; gi&#7899;i h&#7841;n b&#7903;i s&#7921; th&#7845;t v&#7885;ng v&#7873; h&agrave;nh &#273;&#7897;ng gi&aacute; th&#7845;t th&#432;&#7901;ng v&agrave; nh&#7919;ng &#273;&#7897;ng th&aacute;i gi&#7843;.&rdquo;
</blockquote>

Greeks.live b&#7893; sung r&#7857;ng s&#7921; l&#7879;ch put v&#7851;n gi&#7919; m&#7913;c cao, cho th&#7845;y th&#7883; tr&#432;&#7901;ng v&#7851;n &#273;&#7863;t gi&aacute; cho kh&#7843; n&#259;ng gi&#7843;m gi&aacute; ng&#7855;n h&#7841;n:
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Nh&#7919;ng ng&#432;&#7901;i b&aacute;n r&#7911;i ro chi&#7871;m &#432;u th&#7871; tr&ecirc;n b&#7843;ng giao d&#7883;ch th&ocirc;ng qua c&aacute;c chi&#7871;n l&#432;&#7907;c put ng&#7855;n&hellip; tr&aacute;nh vi&#7879;c mua call trong c&aacute;c &#273;&#7907;t gi&#7843;m, h&#7885;c t&#7915; s&#7921; bi&#7871;n &#273;&#7897;ng &#273;&aacute;o h&#7841;n t&#7915; 100k USD &#273;&#7871;n 78k USD &#273;&#7871;n 95k USD v&agrave;o th&aacute;ng 02.&rdquo; h&#7885; vi&#7871;t.
</blockquote>

Tuy nhi&ecirc;n, s&#7921; n&eacute;n ch&#7863;t bi&#7871;n &#273;&#7897;ng, &#273;&#7863;c bi&#7879;t l&agrave; v&#7899;i Bitcoin, &#273;&atilde; m&#7903; ra c&#417; h&#7897;i trong t&ugrave;y ch&#7885;n ETH, n&#417;i m&agrave; c&aacute;c nh&agrave; giao d&#7883;ch th&#7845;y m&#7913;c &#273;&#7897; bi&#7871;n &#273;&#7897;ng h&#7845;p d&#7851;n h&#417;n.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-capital-shifts-toward-yield-and-preservation">D&ograve;ng v&#7889;n chuy&#7875;n h&#432;&#7899;ng &#273;&#7871;n l&#7907;i nhu&#7853;n v&agrave; b&#7843;o to&agrave;n</h2>

Deribit &#273;&atilde; nh&#7845;n m&#7841;nh s&#7921; chuy&#7875;n h&#432;&#7899;ng r&#7897;ng r&atilde;i h&#417;n v&#7873; c&aacute;c chi&#7871;n l&#432;&#7907;c &#273;&#7841;t &#273;&#432;&#7907;c, b&#7873;n v&#7919;ng h&#417;n. Khi bi&#7871;n &#273;&#7897;ng gi&#7843;m d&#7847;n v&agrave; c&oacute; nhi&#7873;u v&#7889;n h&#417;n v&agrave;o th&#7883; tr&#432;&#7901;ng, c&aacute;c nh&agrave; giao d&#7883;ch &#273;ang chuy&#7875;n t&#7915; c&aacute;c giao d&#7883;ch nhanh &lsquo;5&ndash;10x&rsquo; sang b&#7843;o to&agrave;n v&#7889;n v&agrave; l&#7845;y l&#7907;i nhu&#7853;n b&#7873;n v&#7919;ng.
Tr&#432;&#7899;c khi c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n h&ocirc;m nay, c&aacute;c nh&agrave; giao d&#7883;ch n&ecirc;n k&#7923; v&#7885;ng s&#7869; c&oacute; m&#7897;t s&#7889; bi&#7871;n &#273;&#7897;ng, &#273;i&#7873;u n&agrave;y c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng &#273;&#7871;n h&agrave;nh &#273;&#7897;ng gi&aacute; ng&#7855;n h&#7841;n. Tuy nhi&ecirc;n, th&#7883; tr&#432;&#7901;ng c&oacute; th&#7875; &#7893;n &#273;&#7883;nh ngay sau 8:00 UTC khi c&aacute;c h&#7907;p &#273;&#7891;ng tr&ecirc;n Deribit h&#7871;t h&#7841;n v&agrave; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;i&#7873;u ch&#7881;nh v&#7899;i m&ocirc;i tr&#432;&#7901;ng giao d&#7883;ch m&#7899;i.