ETH 15分钟拉升0.66%:期权到期展期与ETF持续流入共振上行

ETH-2,85%
AAVE-4,5%
EIGEN-5,38%

2026-04-01 16:30 至 16:45(UTC),ETH现货价格震荡上行,15分钟区间收益率录得+0.66%,价格在2133.04至2152.23 USDT间窄幅波动,振幅为0.90%。市场活跃度持续高企,链上活跃地址数10分钟内约达420,690,波动加剧引发短线关注。

本次异动的主要驱动力来自衍生品市场结构变化。2026年3月底至4月初,ETH期权市场经历历史最大规模到期事件,超50%未平仓合约于3月26日到期后,部分机构采取展期操作,将大额持仓延展至4月初,导致买卖力量在短期内重新分布。衍生品头寸重置,加之机构对最大痛点区间的对冲动作,对现货价格形成显著扰动。与此同时,ETF持续净流入放大了上行动力,3月至4月初,ETH现货ETF日均流入高达13,642 ETH,推动现货需求持续上升。

此外,整体市场情绪受生态活跃度提升和链上需求增强双重驱动。ETH链上DeFi协议4月初锁仓量已升至65亿美元,主流协议如Lido、Aave、EigenLayer锁仓分布稳健,带动链上资金流动性上升。链上数据显示,未出现集中抛售或大额提币,持仓结构相对稳定。ETF资金流入、机构持仓调整,以及链上活跃度与DeFi需求共振叠加,放大ETH短线波动幅度。

需关注衍生品市场潜在变盘风险与链上活跃资金结构变化。期权到期后短期波动性虽有所压缩,Put skew指标提示仍存下行压力,但整体资金正向ETH期权与ETF流动。后续可关注2150 USDT附近阻力、链上资金迁移动向及ETF申购情况。建议用户持续留意市场结构变化,防范短线波动风险,获取更多实时行情快讯。

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