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.

随着市场波动的提高促使贸易商寻求衍生品寻求对冲和投机机会，因此本周在Powertrade的期权市场活动市场的活动采取了节奏。

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的数据显示，XRP期权的交易量本周已经超过500万美元，大多数活动集中在短期到期。在罢工的选项之间平衡了流量，从$ 1.80到1.98美元不等，打电话给罢工$ 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.

“这项活动表明，贸易商正在定位重大的短期价格变动（从监管发展或突破性模式），在看涨和看跌的结构之间几乎平衡，”动力贸易机构销售负责人伯恩德·西施卡（Bernd Sischka）告诉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.

根据Coindesk的数据，双向流动与动荡的市场行动是一致的，其特征是XRP在本周初滑行至$ 1.61的五个月低点，但仅弹跳回到2美元。通话选项赋予购买者的权利，但没有义务以特定日期或之前以预定价格购买基础资产。呼叫购买者隐含在市场上看涨，而看跌的买家则是看跌，希望从价格折磨中获利或对冲。

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.

市场看到了SOL选项的对冲活动，交易员追逐罢工的罢工范围从104美元到121美元不等。可编程区块链SOLANA的SOL令牌在周一短暂降至95美元，因为美国 - 中国贸易争吵引发了金融市场的广泛风险规避。从那时起，加密货币弹跳至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，尽管有宏观的震动，但交易者还是以市场价值来追逐Dogecoin的上升空间，这是全球领先的笑话加密货币，本周早些时候下跌至13美分，最后一次以15.7美分的价格易手。自12月达到48美分的高峰以来，加密货币已下降了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.

最受欢迎的戏剧是以14.5、15.5、17.5和18美分的电话打电话，所有这些都于4月13日到期，这是投机性疯狂的标志。

"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说：“流动表明纯粹的势头交易 - 旨在捕获快速浪费的股份，低级赌注，可能与社交媒体或事件驱动的催化剂有关。” “ [从广义上讲），短期到期和定向赌注正在将山寨币的选项推向焦点。”

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.

尽管如此，AltCoin期权市场的市场明显小于由Deribit领导的比特币和以太货币期权市场，在那里，每天交易价值数百万美元的合同。