Activity in PowerTrade's options market for alternative cryptocurrencies picked pace this week as heightened market volatility prompted traders to seek derivatives for hedging and speculative opportunities.

隨著市場波動的提高促使貿易商尋求衍生品尋求對沖和投機機會，因此本週在Powertrade的期權市場活動市場的活動採取了節奏。

Trading volume in XRP options has soared to over $5 million this week, with most activity concentrated in short-dated expirations, data shared by PowerTrade shows. Flows have been balanced between put options at strikes ranging from $1.80 to $1.98 and calls at strikes $1.80 to $1.93.

PowerTrade的數據顯示，XRP期權的交易量本週已經超過500萬美元，大多數活動集中在短期到期。在罷工的選項之間平衡了流量，從$ 1.80到1.98美元不等，打電話給罷工$ 1.80至$ 1.93。

"This activity suggests traders are positioning for significant short-term price movement—either from regulatory developments or a breakout pattern—with a nearly even balance between bullish and bearish structures," Bernd Sischka, head of institutional sales at PowerTrade, told CoinDesk.

“這項活動表明，貿易商正在定位重大的短期價格變動（從監管發展或突破性模式），在看漲和看跌的結構之間幾乎平衡，”動力貿易機構銷售負責人伯恩德·西施卡（Bernd Sischka）告訴Coindesk。

The two-way flow is consistent with the volatile market action, characterized by XRP sliding to a five-month low of $1.61 early this week, only to bounce back to $2, according to CoinDesk data. A call option gives the purchaser the right but not the obligation to purchase the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market, while a put buyer is bearish, looking to profit from or hedge against price swoons.

根據Coindesk的數據，雙向流動與動蕩的市場行動是一致的，其特徵是XRP在本周初滑行至$ 1.61的五個月低點，但僅彈跳回到2美元。通話選項賦予購買者的權利，但沒有義務以特定日期或之前以預定價格購買基礎資產。呼叫購買者隱含在市場上看漲，而看跌的買家則是看跌，希望從價格折磨中獲利或對沖。

The market saw hedging activity in SOL options, with traders chasing puts at strikes ranging from $104 to $121. Programmable blockchain Solana's SOL token briefly fell to $95 on Monday as the U.S.-China trade tussle triggered broad-based risk aversion in financial markets. Since then, the cryptocurrency has bounced to $115.

市場看到了SOL選項的對沖活動，交易員追逐罷工的罷工範圍從104美元到121美元不等。可編程區塊鏈SOLANA的SOL令牌在周一短暫降至95美元，因為美國 - 中國貿易爭吵引發了金融市場的廣泛風險規避。從那時起，加密貨幣彈跳至115美元。

However, despite the macro jitters, traders chased the upside in dogecoin, the world's leading joke cryptocurrency by market value, which slipped to 13 cents early this week and last changed hands at 15.7 cents. The cryptocurrency has dropped over 65% since hitting a peak of 48 cents in December.

然而，儘管有宏觀的震動，但交易者還是以市場價值來追逐Dogecoin的上升空間，這是全球領先的笑話加密貨幣，本週早些時候下跌至13美分，最後一次以15.7美分的價格易手。自12月達到48美分的高峰以來，加密貨幣已下降了65％以上。

The most popular plays have been calls at 14.5, 15.5, 17.5 and 18 cents, all expiring on April 13, a sign of speculative frenzy.

最受歡迎的戲劇是以14.5、15.5、17.5和18美分的電話打電話，所有這些都於4月13日到期，這是投機性瘋狂的標誌。

"The flow indicates pure momentum trading—short-dated, low-premium bets aimed at capturing quick surges, likely linked to social media or event-driven catalysts," Sischka said. "[Broadly speaking], short-dated expiries and directional bets are driving altcoin options into the spotlight."

Sischka說：“流動表明純粹的勢頭交易 - 旨在捕獲快速浪費的股份，低級賭注，可能與社交媒體或事件驅動的催化劑有關。” “ [從廣義上講），短期到期和定向賭注正在將山寨幣的選項推向焦點。”

Still, the altcoin options market is significantly smaller than the bitcoin and ether options market, led by Deribit, where contracts worth millions of dollars are traded every day.

儘管如此，AltCoin期權市場的市場明顯小於由Deribit領導的比特幣和以太貨幣期權市場，在那裡，每天交易價值數百萬美元的合同。