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今天(3月27日)是Q1最大期權交割日,Deribit上近40%的BTC期權合約集中到期,規模約150億美元。最大痛點仍在75000美元,但當前價格距此較遠,Put/Call Ratio 0.6顯示看漲期權佔優。交割前後需警惕IV暴跌風險——高位買短期的容易“方向對了也虧錢”。多空博弈加劇,69K-71K區間等方向選擇。大戶已開始展期至6月/9月看漲期權,對下半年仍有預期。交割落地前多看少動,別被上下插針洗出去。$BTC