M&#7863;c d&ugrave; Bitcoin (BTC) &#273;&atilde; th&#7875; hi&#7879;n s&#7913;c m&#7841;nh trong v&agrave;i ng&agrave;y qua, c&aacute;c nh&agrave; giao d&#7883;ch v&agrave; nh&agrave; &#273;&#7847;u t&#432; n&ecirc;n chu&#7849;n b&#7883; cho m&#7897;t s&#7889; <a href="https://beincrypto.com/learn/what-causes-bitcoins-volatility/" target="_blank" rel="noreferrer noopener">bi&#7871;n &#273;&#7897;ng</a> trong nh&#7919;ng gi&#7901; &#273;&#7847;u c&#7911;a phi&ecirc;n giao d&#7883;ch ch&acirc;u &Acirc;u v&agrave;o th&#7913; S&aacute;u do k&#7923; v&#7885;ng v&#7873; vi&#7879;c h&#7871;t h&#7841;n c&#7911;a c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n.
Tuy nhi&ecirc;n, t&aacute;c &#273;&#7897;ng c&oacute; th&#7875; ch&#7881; l&agrave; ng&#7855;n h&#7841;n, v&igrave; th&#7883; tr&#432;&#7901;ng th&#432;&#7901;ng nhanh ch&oacute;ng &#273;i&#7873;u ch&#7881;nh v&#7899;i m&ocirc;i tr&#432;&#7901;ng giao d&#7883;ch m&#7899;i ngay sau &#273;&oacute;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-traders-should-know-about-today-s-options-expiry">Nh&#7919;ng &#273;i&#7873;u nh&agrave; giao d&#7883;ch c&#7847;n bi&#7871;t v&#7873; ng&agrave;y &#273;&aacute;o h&#7841;n quy&#7873;n ch&#7885;n h&ocirc;m nay</h2>

D&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y h&#417;n 4.3 t&#7927; USD trong c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin v&agrave; Ethereum (ETH) s&#7869; h&#7871;t h&#7841;n h&ocirc;m nay. &#272;&#7889;i v&#7899;i Bitcoin, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n c&oacute; gi&aacute; tr&#7883; danh ngh&#297;a l&agrave; 3.5 t&#7927; USD v&agrave; t&#7893;ng s&#7889; l&#432;&#7907;ng m&#7903; l&agrave; 30,208.
V&#7899;i t&#7927; l&#7879; Put-to-Call l&agrave; 1.23, m&#7913;c &#273;au t&#7889;i &#273;a cho c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin h&#7871;t h&#7841;n h&ocirc;m nay l&agrave; 114,000 USD.
<img style="height:400px;width:640px;" decoding="async" alt="Expiring Bitcoin Options" class="wp-image-743643 lazy" style="width:877px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/qwsOfeFGvBplrmQmBxHjvIl613w=/smart/266ec6369dd44c50947c12fba5a77fed">C&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin h&#7871;t 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 h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum, gi&aacute; tr&#7883; danh ngh&#297;a cho c&aacute;c h&#7907;p &#273;&#7891;ng ETH h&#7871;t h&#7841;n h&ocirc;m nay l&agrave; 806.75 tri&#7879;u USD, v&#7899;i t&#7893;ng s&#7889; l&#432;&#7907;ng m&#7903; l&agrave; 177,398.
Kh&ocirc;ng gi&#7889;ng nh&#432; Bitcoin, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum h&#7871;t h&#7841;n h&ocirc;m nay c&oacute; t&#7927; l&#7879; Put-to-Call (PCR) d&#432;&#7899;i 1, v&#7899;i d&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y l&agrave; 0.99 t&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i. Trong khi &#273;&oacute;, m&#7913;c &#273;au t&#7889;i &#273;a, hay gi&aacute; th&#7921;c hi&#7879;n, l&agrave; 4,500 USD.
<img style="height:400px;width:640px;" decoding="async" alt="Expiring Ethereum Options" class="wp-image-743644 lazy" loading="lazy" src="https://assets.beincrypto.com/img/hQ42w6jFEw_g-Ycykbdtrfnr6dU=/smart/64fc4433295c4e5d8852d9e58524b331">C&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum h&#7871;t 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 quy&#7873;n ch&#7885;n ti&#7873;n &#273;i&#7879;n t&#7917;</a>. N&oacute; &#273;&#7841;i di&#7879;n cho 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 quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n kh&ocirc;ng c&oacute; gi&aacute; tr&#7883;. T&igrave;nh hu&#7889;ng n&agrave;y g&acirc;y ra t&#7893;n th&#7845;t 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 n&#7855;m gi&#7919; c&aacute;c quy&#7873;n ch&#7885;n n&agrave;y.
&#272;&aacute;ng ch&uacute; &yacute;, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin v&agrave; Ethereum h&#7871;t h&#7841;n h&ocirc;m nay <a href="https://vn.beincrypto.com/bitcoin-ethereum-options-expiry-4-billion/" target="_blank" rel="noreferrer noopener">cao h&#417;n m&#7897;t ch&uacute;t so v&#7899;i tu&#7847;n tr&#432;&#7899;c</a>. V&agrave;o ng&agrave;y 12/09, BeInCrypto &#273;&atilde; b&aacute;o c&aacute;o g&#7847;n 4.3 t&#7927; USD h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n, v&#7899;i 29,651 BTC v&agrave; 189,700 ETH, c&oacute; gi&aacute; tr&#7883; danh ngh&#297;a l&#7847;n l&#432;&#7907;t l&agrave; 3.42 t&#7927; USD v&agrave; 858.2 tri&#7879;u USD.
Tuy nhi&ecirc;n, s&#7921; kh&aacute;c bi&#7879;t ch&iacute;nh gi&#7919;a c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n tu&#7847;n n&agrave;y v&agrave; tu&#7847;n tr&#432;&#7899;c l&agrave; l&#7847;n n&agrave;y, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum c&oacute; PCR d&#432;&#7899;i 1.
M&#7897;t PCR d&#432;&#7899;i 1 cho th&#7845;y c&oacute; nhi&#7873;u quy&#7873;n ch&#7885;n Call (Mua) &#273;&#432;&#7907;c giao d&#7883;ch h&#417;n quy&#7873;n ch&#7885;n Put (B&aacute;n). Do &#273;&oacute;, &#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 &#273;&#7889;i v&#7899;i Ethereum, v&agrave; t&acirc;m l&yacute; bi quan &#273;&#7889;i v&#7899;i Bitcoin, khi c&oacute; nhi&#7873;u quy&#7873;n ch&#7885;n Put h&#417;n quy&#7873;n ch&#7885;n Call.
Tuy nhi&ecirc;n, PCR c&#7911;a Bitcoin l&agrave; 1.23 v&agrave; c&#7911;a Ethereum l&agrave; 0.99 cho th&#7845;y m&#7897;t s&#7921; c&acirc;n b&#7857;ng g&#7847;n nh&#432; gi&#7919;a c&aacute;c l&#7879;nh b&aacute;n v&agrave; mua c&#7911;a c&aacute;c nh&agrave; giao d&#7883;ch.
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; suy &#273;o&aacute;n li&#7879;u th&#7883; tr&#432;&#7901;ng c&oacute; t&#259;ng cao h&#417;n hay kh&ocirc;ng ho&#7863;c &#273;ang b&#7843;o v&#7879; danh m&#7909;c &#273;&#7847;u t&#432; c&#7911;a h&#7885; trong tr&#432;&#7901;ng h&#7907;p x&#7843;y ra b&aacute;n th&aacute;o.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-options-market-signals-caution-after-fed-cut-as-record-expiry-looms">Th&#7883; tr&#432;&#7901;ng quy&#7873;n ch&#7885;n ph&aacute;t t&iacute;n hi&#7879;u th&#7853;n tr&#7885;ng sau khi Fed c&#7855;t gi&#7843;m khi k&#7927; l&#7909;c &#273;&aacute;o h&#7841;n &#273;ang &#273;&#7871;n g&#7847;n</h2>

Nh&igrave;n l&#7841;i, &#273;&aacute;ng ch&uacute; &yacute; r&#7857;ng c&aacute;c quy&#7873;n ch&#7885;n &#273;&atilde; &#273;&#432;&#7907;c &#273;&#7883;nh gi&aacute; l&#7841;i tr&#432;&#7899;c <a href="https://vn.beincrypto.com/feds-25bps-cut-labor-risks-inflation-liquidity-bets/" target="_blank" rel="noreferrer noopener">quy&#7871;t &#273;&#7883;nh l&atilde;i su&#7845;t c&#7911;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang v&agrave;o th&#7913; T&#432;</a>.
V&#7899;i &#273;i&#7873;u n&agrave;y, &#273;&#7897; bi&#7871;n &#273;&#7897;ng &#7849;n c&#7911;a c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n &#273;&atilde; t&#259;ng l&ecirc;n trong khi kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch gi&#7843;m, cho th&#7845;y s&#7921; th&#7853;n tr&#7885;ng c&#7911;a th&#7883; tr&#432;&#7901;ng.
<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;C&aacute;c quy&#7873;n ch&#7885;n &#273;ang &#273;&#432;&#7907;c &#273;&#7883;nh gi&aacute; l&#7841;i tr&#432;&#7899;c cu&#7897;c h&#7885;p l&atilde;i su&#7845;t c&#7911;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang, v&#7899;i &#273;&#7897; bi&#7871;n &#273;&#7897;ng &#7849;n c&#7911;a c&aacute;c quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n v&agrave;o ng&agrave;y mai t&#259;ng &#273;&aacute;ng k&#7875;. &#272;&#7897; bi&#7871;n &#273;&#7897;ng th&#7921;c t&#7871; g&#7847;n &#273;&acirc;y c&#361;ng &#273;&atilde; t&#259;ng &#273;&aacute;ng k&#7875; so v&#7899;i th&aacute;ng tr&#432;&#7899;c, tuy nhi&ecirc;n kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch th&#7921;c t&#7871; l&#7841;i gi&#7843;m,&rdquo; c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch t&#7841;i Greeks.live &#273;&atilde; <a href="https://x.com/GreeksLive/status/1968314556763251032" target="_blank" rel="noreferrer noopener nofollow">l&#432;u &yacute;</a>.
</blockquote>

Glassnode nh&#7845;n m&#7841;nh s&#7921; ki&ecirc;n nh&#7851;n sau khi c&#7855;t gi&#7843;m l&atilde;i su&#7845;t, v&#7899;i Bitcoin giao d&#7883;ch tr&ecirc;n 115,200 v&agrave; 95% ngu&#7891;n cung c&oacute; l&#7907;i nhu&#7853;n sau <a href="https://vn.beincrypto.com/bitcoin-rises-as-us-federal-reserve-opts-for-25bps-rate-cut/" target="_blank" rel="noreferrer noopener">&#273;&#7907;t t&#259;ng gi&aacute; FOMC</a>.
<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;H&#7907;p &#273;&#7891;ng t&#432;&#417;ng lai cho th&#7845;y c&aacute;c &#273;&#7907;t &eacute;p ng&#7855;n, v&agrave; s&#7889; l&#432;&#7907;ng m&#7903; quy&#7873;n ch&#7885;n &#273;&#7841;t k&#7927; l&#7909;c 500,000 BTC tr&#432;&#7899;c khi h&#7871;t h&#7841;n v&agrave;o ng&agrave;y 26/09. Gi&#7919; tr&ecirc;n 115,200 l&agrave; quan tr&#7885;ng trong khi m&#7897;t s&#7921; gi&#7843;m c&oacute; th&#7875; &#273;&#432;a gi&aacute; tr&#7903; l&#7841;i 105,500,&rdquo; c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7911;a Glassnode &#273;&atilde; <a href="https://x.com/glassnode/status/1968706063072399772" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a>.
</blockquote>

Trong khi &#273;&oacute;, &#273;&aacute;ng ch&uacute; &yacute; r&#7857;ng v&agrave;o th&#7913; S&aacute;u t&#7899;i, ng&agrave;y 26/09, s&#7869; ch&#7913;ng ki&#7871;n &#273;&#7907;t h&#7871;t h&#7841;n quy&#7873;n ch&#7885;n Bitcoin h&agrave;ng tu&#7847;n l&#7899;n nh&#7845;t trong l&#7883;ch s&#7917;. V&agrave;o ng&agrave;y &#273;&oacute;, h&#417;n 18 t&#7927; USD gi&aacute; tr&#7883; danh ngh&#297;a s&#7869; h&#7871;t h&#7841;n.
T&#7841;i m&#7913;c gi&aacute; Bitcoin 118,000 USD, h&#417;n 2.4 t&#7927; USD &#273;ang c&oacute; l&#7907;i nhu&#7853;n, v&#7899;i m&#7913;c &#273;au t&#7889;i &#273;a l&agrave; 110,000 USD. S&#7889; l&#432;&#7907;ng m&#7903; quy&#7873;n ch&#7885;n Put l&agrave; t&#7889;i thi&#7875;u cho &#273;&#7871;n 110,000 USD.
Do &#273;&oacute;, tu&#7847;n t&#7899;i c&oacute; th&#7875; s&#7869; th&uacute; v&#7883;. Bi&ecirc;n &#273;&#7897; th&#432;&#7901;ng th&uacute;c &#273;&#7849;y h&agrave;nh &#273;&#7897;ng gi&aacute; ng&#7855;n h&#7841;n, v&igrave; v&#7853;y th&#7883; tr&#432;&#7901;ng kh&ocirc;ng n&ecirc;n ng&#7841;c nhi&ecirc;n khi th&#7845;y m&#7897;t &#273;&#7907;t gi&#7843;m gi&aacute; m&#7863;c d&ugrave; c&oacute; t&acirc;m l&yacute; l&#7841;c quan.
Trong khi ch&#7901; &#273;&#7907;i, c&aacute;c nh&agrave; giao d&#7883;ch n&ecirc;n chu&#7849;n b&#7883; cho s&#7921; bi&#7871;n &#273;&#7897;ng v&igrave; kh&aacute;i ni&#7879;m &#273;au t&#7889;i &#273;a th&#432;&#7901;ng &#7843;nh h&#432;&#7903;ng &#273;&#7871;n h&agrave;nh vi th&#7883; tr&#432;&#7901;ng.
Theo l&yacute; thuy&#7871;t Max Pain, gi&aacute; c&#7911;a t&agrave;i s&#7843;n c&oacute; xu h&#432;&#7899;ng di chuy&#7875;n v&#7873; m&#7913;c n&agrave;y khi c&aacute;c quy&#7873;n ch&#7885;n g&#7847;n h&#7871;t h&#7841;n.
Khi c&aacute;c quy&#7873;n ch&#7885;n g&#7847;n &#273;&#7871;n th&#7901;i &#273;i&#7875;m h&#7871;t h&#7841;n, 8:00 UTC tr&ecirc;n Deribit, gi&aacute; Bitcoin, <a href="https://beincrypto.com/price/bitcoin/" target="_blank" rel="noreferrer noopener">&#273;ang giao d&#7883;ch &#7903; m&#7913;c 117,147 USD t&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i</a>, c&oacute; th&#7875; k&eacute;o v&#7873; m&#7913;c &#273;au t&#7889;i &#273;a l&agrave; 114,000 USD. Trong khi &#273;&oacute;, Ethereum, <a href="https://beincrypto.com/price/ethereum/" target="_blank" rel="noreferrer noopener">&#273;ang giao d&#7883;ch &#7903; m&#7913;c 4,590 USD</a>, c&oacute; th&#7875; gi&#7843;m v&#7873; m&#7913;c 4,500 USD.
Tuy nhi&ecirc;n, th&#7883; tr&#432;&#7901;ng th&#432;&#7901;ng &#7893;n &#273;&#7883;nh ngay sau khi c&aacute;c nh&agrave; giao d&#7883;ch th&iacute;ch nghi v&#7899;i m&ocirc;i tr&#432;&#7901;ng gi&aacute; m&#7899;i. V&#7899;i vi&#7879;c h&#7871;t h&#7841;n kh&#7889;i l&#432;&#7907;ng l&#7899;n h&ocirc;m nay, c&aacute;c nh&agrave; giao d&#7883;ch v&agrave; nh&agrave; &#273;&#7847;u t&#432; c&oacute; th&#7875; mong &#273;&#7907;i m&#7897;t k&#7871;t qu&#7843; t&#432;&#417;ng t&#7921;, c&oacute; kh&#7843; n&#259;ng &#7843;nh h&#432;&#7903;ng &#273;&#7871;n xu h&#432;&#7899;ng th&#7883; tr&#432;&#7901;ng v&agrave;o cu&#7889;i tu&#7847;n.

Hơn 4.3 tỷ USD quyền chọn Bitcoin & Ethereum hết hạn hôm nay – Biến động sắp tới cho BTC và ETH?

M&#7863;c d&ugrave; Bitcoin (BTC) &#273;&atilde; th&#7875; hi&#7879;n s&#7913;c m&#7841;nh trong v&agrave;i ng&agrave;y qua, c&aacute;c nh&agrave; giao d&#7883;ch v&agrave; nh&agrave; &#273;&#7847;u t&#432; n&ecirc;n chu&#7849;n b&#7883; cho m&#7897;t s&#7889; <a href="https://beincrypto.com/learn/what-causes-bitcoins-volatility/" target="_blank" rel="noreferrer noopener">bi&#7871;n &#273;&#7897;ng</a> trong nh&#7919;ng gi&#7901; &#273;&#7847;u c&#7911;a phi&ecirc;n giao d&#7883;ch ch&acirc;u &Acirc;u v&agrave;o th&#7913; S&aacute;u do k&#7923; v&#7885;ng v&#7873; vi&#7879;c h&#7871;t h&#7841;n c&#7911;a c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n.
Tuy nhi&ecirc;n, t&aacute;c &#273;&#7897;ng c&oacute; th&#7875; ch&#7881; l&agrave; ng&#7855;n h&#7841;n, v&igrave; th&#7883; tr&#432;&#7901;ng th&#432;&#7901;ng nhanh ch&oacute;ng &#273;i&#7873;u ch&#7881;nh v&#7899;i m&ocirc;i tr&#432;&#7901;ng giao d&#7883;ch m&#7899;i ngay sau &#273;&oacute;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-traders-should-know-about-today-s-options-expiry">Nh&#7919;ng &#273;i&#7873;u nh&agrave; giao d&#7883;ch c&#7847;n bi&#7871;t v&#7873; ng&agrave;y &#273;&aacute;o h&#7841;n quy&#7873;n ch&#7885;n h&ocirc;m nay</h2>

D&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y h&#417;n 4.3 t&#7927; USD trong c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin v&agrave; Ethereum (ETH) s&#7869; h&#7871;t h&#7841;n h&ocirc;m nay. &#272;&#7889;i v&#7899;i Bitcoin, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n c&oacute; gi&aacute; tr&#7883; danh ngh&#297;a l&agrave; 3.5 t&#7927; USD v&agrave; t&#7893;ng s&#7889; l&#432;&#7907;ng m&#7903; l&agrave; 30,208.
V&#7899;i t&#7927; l&#7879; Put-to-Call l&agrave; 1.23, m&#7913;c &#273;au t&#7889;i &#273;a cho c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin h&#7871;t h&#7841;n h&ocirc;m nay l&agrave; 114,000 USD.
<img style="height:400px;width:640px;"decoding="async" alt="Expiring Bitcoin Options" class="wp-image-743643 lazy" style="width:877px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/qwsOfeFGvBplrmQmBxHjvIl613w=/smart/266ec6369dd44c50947c12fba5a77fed">C&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin h&#7871;t 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 h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum, gi&aacute; tr&#7883; danh ngh&#297;a cho c&aacute;c h&#7907;p &#273;&#7891;ng ETH h&#7871;t h&#7841;n h&ocirc;m nay l&agrave; 806.75 tri&#7879;u USD, v&#7899;i t&#7893;ng s&#7889; l&#432;&#7907;ng m&#7903; l&agrave; 177,398.
Kh&ocirc;ng gi&#7889;ng nh&#432; Bitcoin, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum h&#7871;t h&#7841;n h&ocirc;m nay c&oacute; t&#7927; l&#7879; Put-to-Call (PCR) d&#432;&#7899;i 1, v&#7899;i d&#7919; li&#7879;u t&#7915; Deribit cho th&#7845;y l&agrave; 0.99 t&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i. Trong khi &#273;&oacute;, m&#7913;c &#273;au t&#7889;i &#273;a, hay gi&aacute; th&#7921;c hi&#7879;n, l&agrave; 4,500 USD.
<img style="height:400px;width:640px;"decoding="async" alt="Expiring Ethereum Options" class="wp-image-743644 lazy" loading="lazy" src="https://assets.beincrypto.com/img/hQ42w6jFEw_g-Ycykbdtrfnr6dU=/smart/64fc4433295c4e5d8852d9e58524b331">C&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum h&#7871;t 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 quy&#7873;n ch&#7885;n ti&#7873;n &#273;i&#7879;n t&#7917;</a>. N&oacute; &#273;&#7841;i di&#7879;n cho 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 quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n kh&ocirc;ng c&oacute; gi&aacute; tr&#7883;. T&igrave;nh hu&#7889;ng n&agrave;y g&acirc;y ra t&#7893;n th&#7845;t 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 n&#7855;m gi&#7919; c&aacute;c quy&#7873;n ch&#7885;n n&agrave;y.
&#272;&aacute;ng ch&uacute; &yacute;, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Bitcoin v&agrave; Ethereum h&#7871;t h&#7841;n h&ocirc;m nay <a href="https://vn.beincrypto.com/bitcoin-ethereum-options-expiry-4-billion/" target="_blank" rel="noreferrer noopener">cao h&#417;n m&#7897;t ch&uacute;t so v&#7899;i tu&#7847;n tr&#432;&#7899;c</a>. V&agrave;o ng&agrave;y 12/09, BeInCrypto &#273;&atilde; b&aacute;o c&aacute;o g&#7847;n 4.3 t&#7927; USD h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n, v&#7899;i 29,651 BTC v&agrave; 189,700 ETH, c&oacute; gi&aacute; tr&#7883; danh ngh&#297;a l&#7847;n l&#432;&#7907;t l&agrave; 3.42 t&#7927; USD v&agrave; 858.2 tri&#7879;u USD.
Tuy nhi&ecirc;n, s&#7921; kh&aacute;c bi&#7879;t ch&iacute;nh gi&#7919;a c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n tu&#7847;n n&agrave;y v&agrave; tu&#7847;n tr&#432;&#7899;c l&agrave; l&#7847;n n&agrave;y, c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n Ethereum c&oacute; PCR d&#432;&#7899;i 1.
M&#7897;t PCR d&#432;&#7899;i 1 cho th&#7845;y c&oacute; nhi&#7873;u quy&#7873;n ch&#7885;n Call (Mua) &#273;&#432;&#7907;c giao d&#7883;ch h&#417;n quy&#7873;n ch&#7885;n Put (B&aacute;n). Do &#273;&oacute;, &#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 &#273;&#7889;i v&#7899;i Ethereum, v&agrave; t&acirc;m l&yacute; bi quan &#273;&#7889;i v&#7899;i Bitcoin, khi c&oacute; nhi&#7873;u quy&#7873;n ch&#7885;n Put h&#417;n quy&#7873;n ch&#7885;n Call.
Tuy nhi&ecirc;n, PCR c&#7911;a Bitcoin l&agrave; 1.23 v&agrave; c&#7911;a Ethereum l&agrave; 0.99 cho th&#7845;y m&#7897;t s&#7921; c&acirc;n b&#7857;ng g&#7847;n nh&#432; gi&#7919;a c&aacute;c l&#7879;nh b&aacute;n v&agrave; mua c&#7911;a c&aacute;c nh&agrave; giao d&#7883;ch.
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; suy &#273;o&aacute;n li&#7879;u th&#7883; tr&#432;&#7901;ng c&oacute; t&#259;ng cao h&#417;n hay kh&ocirc;ng ho&#7863;c &#273;ang b&#7843;o v&#7879; danh m&#7909;c &#273;&#7847;u t&#432; c&#7911;a h&#7885; trong tr&#432;&#7901;ng h&#7907;p x&#7843;y ra b&aacute;n th&aacute;o.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-options-market-signals-caution-after-fed-cut-as-record-expiry-looms">Th&#7883; tr&#432;&#7901;ng quy&#7873;n ch&#7885;n ph&aacute;t t&iacute;n hi&#7879;u th&#7853;n tr&#7885;ng sau khi Fed c&#7855;t gi&#7843;m khi k&#7927; l&#7909;c &#273;&aacute;o h&#7841;n &#273;ang &#273;&#7871;n g&#7847;n</h2>

Nh&igrave;n l&#7841;i, &#273;&aacute;ng ch&uacute; &yacute; r&#7857;ng c&aacute;c quy&#7873;n ch&#7885;n &#273;&atilde; &#273;&#432;&#7907;c &#273;&#7883;nh gi&aacute; l&#7841;i tr&#432;&#7899;c <a href="https://vn.beincrypto.com/feds-25bps-cut-labor-risks-inflation-liquidity-bets/" target="_blank" rel="noreferrer noopener">quy&#7871;t &#273;&#7883;nh l&atilde;i su&#7845;t c&#7911;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang v&agrave;o th&#7913; T&#432;</a>.
V&#7899;i &#273;i&#7873;u n&agrave;y, &#273;&#7897; bi&#7871;n &#273;&#7897;ng &#7849;n c&#7911;a c&aacute;c h&#7907;p &#273;&#7891;ng quy&#7873;n ch&#7885;n &#273;&atilde; t&#259;ng l&ecirc;n trong khi kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch gi&#7843;m, cho th&#7845;y s&#7921; th&#7853;n tr&#7885;ng c&#7911;a th&#7883; tr&#432;&#7901;ng.
<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;C&aacute;c quy&#7873;n ch&#7885;n &#273;ang &#273;&#432;&#7907;c &#273;&#7883;nh gi&aacute; l&#7841;i tr&#432;&#7899;c cu&#7897;c h&#7885;p l&atilde;i su&#7845;t c&#7911;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang, v&#7899;i &#273;&#7897; bi&#7871;n &#273;&#7897;ng &#7849;n c&#7911;a c&aacute;c quy&#7873;n ch&#7885;n h&#7871;t h&#7841;n v&agrave;o ng&agrave;y mai t&#259;ng &#273;&aacute;ng k&#7875;. &#272;&#7897; bi&#7871;n &#273;&#7897;ng th&#7921;c t&#7871; g&#7847;n &#273;&acirc;y c&#361;ng &#273;&atilde; t&#259;ng &#273;&aacute;ng k&#7875; so v&#7899;i th&aacute;ng tr&#432;&#7899;c, tuy nhi&ecirc;n kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch th&#7921;c t&#7871; l&#7841;i gi&#7843;m,&rdquo; c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch t&#7841;i Greeks.live &#273;&atilde; <a href="https://x.com/GreeksLive/status/1968314556763251032" target="_blank" rel="noreferrer noopener nofollow">l&#432;u &yacute;</a>.
</blockquote>

Glassnode nh&#7845;n m&#7841;nh s&#7921; ki&ecirc;n nh&#7851;n sau khi c&#7855;t gi&#7843;m l&atilde;i su&#7845;t, v&#7899;i Bitcoin giao d&#7883;ch tr&ecirc;n 115,200 v&agrave; 95% ngu&#7891;n cung c&oacute; l&#7907;i nhu&#7853;n sau <a href="https://vn.beincrypto.com/bitcoin-rises-as-us-federal-reserve-opts-for-25bps-rate-cut/" target="_blank" rel="noreferrer noopener">&#273;&#7907;t t&#259;ng gi&aacute; FOMC</a>.
<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;H&#7907;p &#273;&#7891;ng t&#432;&#417;ng lai cho th&#7845;y c&aacute;c &#273;&#7907;t &eacute;p ng&#7855;n, v&agrave; s&#7889; l&#432;&#7907;ng m&#7903; quy&#7873;n ch&#7885;n &#273;&#7841;t k&#7927; l&#7909;c 500,000 BTC tr&#432;&#7899;c khi h&#7871;t h&#7841;n v&agrave;o ng&agrave;y 26/09. Gi&#7919; tr&ecirc;n 115,200 l&agrave; quan tr&#7885;ng trong khi m&#7897;t s&#7921; gi&#7843;m c&oacute; th&#7875; &#273;&#432;a gi&aacute; tr&#7903; l&#7841;i 105,500,&rdquo; c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7911;a Glassnode &#273;&atilde; <a href="https://x.com/glassnode/status/1968706063072399772" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a>.
</blockquote>

Trong khi &#273;&oacute;, &#273;&aacute;ng ch&uacute; &yacute; r&#7857;ng v&agrave;o th&#7913; S&aacute;u t&#7899;i, ng&agrave;y 26/09, s&#7869; ch&#7913;ng ki&#7871;n &#273;&#7907;t h&#7871;t h&#7841;n quy&#7873;n ch&#7885;n Bitcoin h&agrave;ng tu&#7847;n l&#7899;n nh&#7845;t trong l&#7883;ch s&#7917;. V&agrave;o ng&agrave;y &#273;&oacute;, h&#417;n 18 t&#7927; USD gi&aacute; tr&#7883; danh ngh&#297;a s&#7869; h&#7871;t h&#7841;n.
T&#7841;i m&#7913;c gi&aacute; Bitcoin 118,000 USD, h&#417;n 2.4 t&#7927; USD &#273;ang c&oacute; l&#7907;i nhu&#7853;n, v&#7899;i m&#7913;c &#273;au t&#7889;i &#273;a l&agrave; 110,000 USD. S&#7889; l&#432;&#7907;ng m&#7903; quy&#7873;n ch&#7885;n Put l&agrave; t&#7889;i thi&#7875;u cho &#273;&#7871;n 110,000 USD.
Do &#273;&oacute;, tu&#7847;n t&#7899;i c&oacute; th&#7875; s&#7869; th&uacute; v&#7883;. Bi&ecirc;n &#273;&#7897; th&#432;&#7901;ng th&uacute;c &#273;&#7849;y h&agrave;nh &#273;&#7897;ng gi&aacute; ng&#7855;n h&#7841;n, v&igrave; v&#7853;y th&#7883; tr&#432;&#7901;ng kh&ocirc;ng n&ecirc;n ng&#7841;c nhi&ecirc;n khi th&#7845;y m&#7897;t &#273;&#7907;t gi&#7843;m gi&aacute; m&#7863;c d&ugrave; c&oacute; t&acirc;m l&yacute; l&#7841;c quan.
Trong khi ch&#7901; &#273;&#7907;i, c&aacute;c nh&agrave; giao d&#7883;ch n&ecirc;n chu&#7849;n b&#7883; cho s&#7921; bi&#7871;n &#273;&#7897;ng v&igrave; kh&aacute;i ni&#7879;m &#273;au t&#7889;i &#273;a th&#432;&#7901;ng &#7843;nh h&#432;&#7903;ng &#273;&#7871;n h&agrave;nh vi th&#7883; tr&#432;&#7901;ng.
Theo l&yacute; thuy&#7871;t Max Pain, gi&aacute; c&#7911;a t&agrave;i s&#7843;n c&oacute; xu h&#432;&#7899;ng di chuy&#7875;n v&#7873; m&#7913;c n&agrave;y khi c&aacute;c quy&#7873;n ch&#7885;n g&#7847;n h&#7871;t h&#7841;n.
Khi c&aacute;c quy&#7873;n ch&#7885;n g&#7847;n &#273;&#7871;n th&#7901;i &#273;i&#7875;m h&#7871;t h&#7841;n, 8:00 UTC tr&ecirc;n Deribit, gi&aacute; Bitcoin, <a href="https://beincrypto.com/price/bitcoin/" target="_blank" rel="noreferrer noopener">&#273;ang giao d&#7883;ch &#7903; m&#7913;c 117,147 USD t&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i</a>, c&oacute; th&#7875; k&eacute;o v&#7873; m&#7913;c &#273;au t&#7889;i &#273;a l&agrave; 114,000 USD. Trong khi &#273;&oacute;, Ethereum, <a href="https://beincrypto.com/price/ethereum/" target="_blank" rel="noreferrer noopener">&#273;ang giao d&#7883;ch &#7903; m&#7913;c 4,590 USD</a>, c&oacute; th&#7875; gi&#7843;m v&#7873; m&#7913;c 4,500 USD.
Tuy nhi&ecirc;n, th&#7883; tr&#432;&#7901;ng th&#432;&#7901;ng &#7893;n &#273;&#7883;nh ngay sau khi c&aacute;c nh&agrave; giao d&#7883;ch th&iacute;ch nghi v&#7899;i m&ocirc;i tr&#432;&#7901;ng gi&aacute; m&#7899;i. V&#7899;i vi&#7879;c h&#7871;t h&#7841;n kh&#7889;i l&#432;&#7907;ng l&#7899;n h&ocirc;m nay, c&aacute;c nh&agrave; giao d&#7883;ch v&agrave; nh&agrave; &#273;&#7847;u t&#432; c&oacute; th&#7875; mong &#273;&#7907;i m&#7897;t k&#7871;t qu&#7843; t&#432;&#417;ng t&#7921;, c&oacute; kh&#7843; n&#259;ng &#7843;nh h&#432;&#7903;ng &#273;&#7871;n xu h&#432;&#7899;ng th&#7883; tr&#432;&#7901;ng v&agrave;o cu&#7889;i tu&#7847;n.