{"id":67758,"date":"2026-04-03T08:51:16","date_gmt":"2026-04-03T01:51:16","guid":{"rendered":"https:\/\/hbbgroup.net\/heres-why-bitcoins-drop-below-68000-raises-the-risk-of-a-crash-under-60000\/"},"modified":"2026-04-03T10:23:05","modified_gmt":"2026-04-03T03:23:05","slug":"heres-why-bitcoins-drop-below-68000-raises-the-risk-of-a-crash-under-60000","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/heres-why-bitcoins-drop-below-68000-raises-the-risk-of-a-crash-under-60000\/","title":{"rendered":"\u0110\u00e2y l\u00e0 l\u00fd do v\u00ec sao vi\u1ec7c Bitcoin gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ed1c 68.000 USD l\u00e0m gia t\u0103ng r\u1ee7i ro lao d\u1ed1c v\u1ec1 d\u01b0\u1edbi 60.000 USD."},"content":{"rendered":"
\n

V\u00f9ng gamma \u00e2m d\u01b0\u1edbi m\u1ed1c 68.000 USD c\u00f3 th\u1ec3 k\u00edch ho\u1ea1t m\u1ed9t \u0111\u1ee3t b\u00e1n th\u00e1o t\u1ef1 c\u1ee7ng c\u1ed1, khi\u1ebfn \u0111\u00e0 s\u1ee5t gi\u1ea3m ng\u00e0y c\u00e0ng m\u1edf r\u1ed9ng.<\/h2>\n

Ng\u00e0y 2\/4\/2026, 18:27.<\/p>\n

Make preferred on <\/a><\/p>\n<\/div>\n

\n

L\u1eadp tr\u01b0\u1eddng c\u1ee9ng r\u1eafn tr\u1edf l\u1ea1i c\u1ee7a T\u1ed5ng th\u1ed1ng Donald Trump \u0111\u1ed1i v\u1edbi Iran \u0111\u00e3 k\u00e9o gi\u00e1 bitcoin gi\u1ea3m kho\u1ea3ng 2% trong 24 gi\u1edd qua, xu\u1ed1ng c\u00f2n 67.000 USD. D\u00f9 di\u1ec5n bi\u1ebfn gi\u00e1 n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi m\u1ee9c bi\u1ebfn \u0111\u1ed9ng th\u00f4ng th\u01b0\u1eddng, nh\u01b0ng c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng b\u00ean d\u01b0\u1edbi b\u1ec1 m\u1eb7t \u0111ang cho th\u1ea5y tr\u1ea1ng th\u00e1i mong manh.<\/p>\n

Nguy\u00ean nh\u00e2n ch\u1ee7 y\u1ebfu \u0111\u1ebfn t\u1eeb c\u00e1c d\u00f2ng ti\u1ec1n tr\u00ean th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn ni\u00eam y\u1ebft tr\u00ean Deribit, c\u1ee5 th\u1ec3 l\u00e0 s\u1ef1 gia t\u0103ng c\u1ee7a c\u00e1c v\u1ecb th\u1ebf ph\u00f2ng th\u1ee7 ngay b\u00ean d\u01b0\u1edbi v\u00f9ng gi\u00e1 hi\u1ec7n t\u1ea1i, \u0111i\u1ec1u c\u00f3 th\u1ec3 d\u1eabn t\u1edbi m\u1ed9t nh\u1ecbp gi\u1ea3m s\u00e2u xu\u1ed1ng t\u1eadn 50.000 USD.<\/p>\n

Thi\u1ebft l\u1eadp mong manh d\u01b0\u1edbi m\u1ed1c 68.000 USD<\/strong><\/h2>\n

Trong nh\u1eefng tu\u1ea7n g\u1ea7n \u0111\u00e2y, gi\u1edbi giao d\u1ecbch \u0111\u00e3 gia t\u0103ng mua v\u00e0o c\u00e1c quy\u1ec1n ch\u1ecdn b\u00e1n (put options) \u0111\u1ec3 ph\u00f2ng v\u1ec7 r\u1ee7i ro gi\u1ea3m gi\u00e1. C\u00e1c d\u00f2ng ti\u1ec1n ph\u00f2ng th\u1ee7 n\u00e0y t\u1eadp trung ch\u1ee7 y\u1ebfu \u1edf c\u00e1c quy\u1ec1n ch\u1ecdn b\u00e1n c\u00f3 m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n t\u1eeb 68.000 USD tr\u1edf xu\u1ed1ng, k\u00e9o d\u00e0i \u0111\u1ebfn v\u00f9ng gi\u1eefa 55.000 USD. \u0110i\u1ec1u n\u00e0y l\u00e0 d\u1ec5 hi\u1ec3u, x\u00e9t \u0111\u1ebfn c\u00e1c r\u1ee7i ro v\u0129 m\u00f4 \u0111\u1ebfn t\u1eeb xung \u0111\u1ed9t Iran, m\u1ed1i \u0111e d\u1ecda t\u1eeb \u0111i\u1ec7n to\u00e1n l\u01b0\u1ee3ng t\u1eed v\u00e0 th\u1ecb tr\u01b0\u1eddng gi\u00e1 xu\u1ed1ng kh\u1eafc nghi\u1ec7t b\u1eaft \u0111\u1ea7u t\u1eeb cu\u1ed1i n\u0103m ngo\u00e1i.<\/p>\n

Tuy nhi\u00ean, khi ki\u1ec3u \u0111\u1ecbnh v\u1ecb n\u00e0y t\u00edch t\u1ee5, n\u00f3 s\u1ebd t\u1ea1o ra th\u1ee9 m\u00e0 c\u00e1c trader d\u00e0y d\u1ea1n g\u1ecdi l\u00e0 v\u00f9ng \u201cgamma \u00e2m\u201d \u2014 m\u1ed9t tr\u1ea1ng th\u00e1i m\u00e0 c\u00e1c nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng ho\u1eb7c c\u00e1c dealer, nh\u1eefng b\u00ean cung c\u1ea5p thanh kho\u1ea3n v\u00e0o s\u1ed5 l\u1ec7nh c\u1ee7a s\u00e0n, bu\u1ed9c ph\u1ea3i ph\u1ea3n \u1ee9ng v\u1edbi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 theo c\u00e1ch v\u00f4 t\u00ecnh l\u00e0m gia t\u1ed1c xu h\u01b0\u1edbng hi\u1ec7n t\u1ea1i, v\u00e0 trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y l\u00e0 xu h\u01b0\u1edbng gi\u1ea3m.<\/p>\n

Nh\u1eefng \u0111\u1ed9ng l\u1ef1c nh\u01b0 v\u1eady tr\u01b0\u1edbc \u0111\u00e2y t\u1eebng khu\u1ebfch \u0111\u1ea1i c\u1ea3 xu h\u01b0\u1edbng t\u0103ng l\u1eabn xu h\u01b0\u1edbng gi\u1ea3m.<\/p>\n

\"BTC:
<\/figcaption>BTC: M\u1ee9c \u0111\u1ed9 ph\u01a1i nhi\u1ec5m gamma c\u1ee7a quy\u1ec1n ch\u1ecdn tr\u00ean Deribit. (Glassnode)<\/strong><\/figure>\n

Bi\u1ec3u \u0111\u1ed3 c\u1ee7a Glassnode cho th\u1ea5y m\u1ee9c \u0111\u1ed9 ph\u01a1i nhi\u1ec5m gamma c\u1ee7a c\u00e1c dealer ch\u1ee7 y\u1ebfu \u1edf tr\u1ea1ng th\u00e1i \u00e2m trong v\u00f9ng t\u1eeb 68.000 USD xu\u1ed1ng 50.000 USD. \u0110\u00e2y l\u00e0 h\u1ec7 qu\u1ea3 c\u1ee7a vi\u1ec7c h\u1ecd \u0111\u1ee9ng \u1edf ph\u00eda \u0111\u1ed1i \u1ee9ng v\u1edbi c\u00e1c v\u1ecb th\u1ebf mua quy\u1ec1n ch\u1ecdn b\u00e1n (long put) c\u1ee7a trader.<\/p>\n

N\u00f3i c\u00e1ch kh\u00e1c, c\u00e1c dealer \u0111ang n\u1eafm gi\u1eef v\u1ecb th\u1ebf b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n (short put). V\u00ec v\u1eady, khi th\u1ecb tr\u01b0\u1eddng gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 68.000 USD, h\u1ecd s\u1ebd \u0111\u1ed1i m\u1eb7t v\u1edbi thua l\u1ed7 v\u00e0 nhi\u1ec1u kh\u1ea3 n\u0103ng ph\u1ea3i b\u00e1n kh\u1ed1ng BTC \u0111\u1ec3 hedge m\u1ee9c \u0111\u1ed9 ph\u01a1i nhi\u1ec5m c\u1ee7a m\u00ecnh.<\/p>\n

Ho\u1ea1t \u0111\u1ed9ng hedge n\u00e0y c\u00f3 th\u1ec3 g\u00e2y \u00e1p l\u1ef1c k\u00e9o gi\u00e1 xu\u1ed1ng s\u00e2u h\u01a1n, t\u1eeb \u0111\u00f3 t\u1ea1o ra m\u1ed9t v\u00f2ng ph\u1ea3n h\u1ed3i, v\u00e0 v\u00f2ng ph\u1ea3n h\u1ed3i n\u00e0y c\u00f3 th\u1ec3 t\u0103ng t\u1ed1c r\u1ea5t nhanh.<\/p>\n

\u0110\u00f3 l\u00e0 l\u00fd do v\u00ec sao c\u00fa gi\u1ea3m m\u1edbi nh\u1ea5t xu\u1ed1ng d\u01b0\u1edbi m\u1ed1c 68.000 USD tr\u1edf n\u00ean \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng. Vi\u1ec7c ph\u00e1 v\u1ee1 ng\u01b0\u1ee1ng n\u00e0y kh\u00f4ng ch\u1ec9 ph\u00e1t \u0111i t\u00edn hi\u1ec7u suy y\u1ebfu v\u1ec1 m\u1eb7t k\u1ef9 thu\u1eadt \u2014 m\u00e0 c\u00f2n m\u1edf ra m\u1ed9t v\u00f9ng gi\u00e1 n\u01a1i \u00e1p l\u1ef1c b\u00e1n c\u01b0\u1ee1ng b\u1ee9c c\u00f3 th\u1ec3 gia t\u0103ng m\u1ea1nh.<\/p>\n

\u201cGamma \u00e2m hi\u1ec7n \u0111ang h\u00ecnh th\u00e0nh ngay b\u00ean d\u01b0\u1edbi c\u00e1c v\u00f9ng gi\u00e1 hi\u1ec7n t\u1ea1i, t\u1eeb 68.000 USD xu\u1ed1ng t\u1eadn v\u00f9ng tr\u00ean 50.000 USD,\u201d Glassnode cho bi\u1ebft trong b\u00e1o c\u00e1o h\u00e0ng tu\u1ea7n.<\/p>\n

\u201cN\u1ebfu gi\u00e1 \u0111i v\u00e0o v\u00f9ng n\u00e0y, n\u00f3 c\u00f3 th\u1ec3 k\u00edch ho\u1ea1t \u0111\u00e0 b\u00e1n t\u0103ng t\u1ed1c khi c\u00e1c d\u00f2ng hedge c\u1ee7ng c\u1ed1 \u0111\u1ed9ng l\u01b0\u1ee3ng gi\u1ea3m, bi\u1ebfn m\u1ed9t nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh v\u1ed1n d\u0129 di\u1ec5n ra t\u1eeb t\u1eeb th\u00e0nh m\u1ed9t qu\u00e1 tr\u00ecnh \u0111\u1ecbnh gi\u00e1 l\u1ea1i m\u1ea1nh h\u01a1n, v\u1edbi kh\u1ea3 n\u0103ng quay v\u1ec1 ki\u1ec3m \u0111\u1ecbnh m\u1ed1c 60.000 USD \u2014 \u0111\u00e1y c\u1ee7a \u0111\u1ee3t b\u00e1n th\u00e1o ng\u00e0y 5\/2,\u201d c\u00f4ng ty n\u00e0y n\u00f3i th\u00eam.<\/p>\n

Trong b\u1ed1i c\u1ea3nh thanh kho\u1ea3n v\u1eabn t\u01b0\u01a1ng \u0111\u1ed1i m\u1ecfng sau \u0111\u1ee3t \u0111\u00e1o h\u1ea1n quy\u1ec1n ch\u1ecdn ng\u00e0y 27\/3, v\u00e0 nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd ti\u1ebfp t\u1ee5c m\u1ecfng trong k\u1ef3 ngh\u1ec9 L\u1ec5 Ph\u1ee5c Sinh, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 kh\u00f4ng c\u00f3 \u0111\u1ee7 l\u1ef1c mua \u0111\u1ec3 h\u1ea5p th\u1ee5 \u00e1p l\u1ef1c n\u00e0y.<\/p>\n

V\u00ec v\u1eady, n\u1ebfu v\u00f2ng ph\u1ea3n h\u1ed3i \u0111\u00f3 th\u1ef1c s\u1ef1 \u0111\u01b0\u1ee3c k\u00edch ho\u1ea1t ho\u00e0n to\u00e0n, \u0111\u00e0 gi\u1ea3m c\u00f3 th\u1ec3 m\u1edf r\u1ed9ng xu\u1ed1ng s\u00e2u d\u01b0\u1edbi m\u1ed1c 60.000 USD.<\/p>\n

Thi\u1ebft l\u1eadp n\u00e0y cho th\u1ea5y r\u1eb1ng, d\u00f9 hi\u1ec7n t\u1ea1i bitcoin \u0111ang ph\u1ea3n \u1ee9ng v\u1edbi c\u00e1c ti\u00eau \u0111\u1ec1 li\u00ean quan \u0111\u1ebfn chi\u1ebfn s\u1ef1, nh\u01b0ng ch\u00ednh c\u01a1 ch\u1ebf v\u1eadn h\u00e0nh b\u00ean trong th\u1ecb tr\u01b0\u1eddng c\u0169ng c\u00f3 th\u1ec3 \u0111\u1ecbnh h\u00ecnh qu\u1ef9 \u0111\u1ea1o gi\u00e1.<\/p>\n

N\u1ebfu gi\u00e1 gi\u1eef \u0111\u01b0\u1ee3c ph\u00eda tr\u00ean 68.000 USD, c\u1ea5u tr\u00fac hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u00e1o g\u1ee1 m\u00e0 kh\u00f4ng g\u00e2y t\u1ed5n h\u1ea1i l\u1edbn. Nh\u01b0ng n\u1ebfu m\u1ed1c n\u00e0y b\u1ecb xuy\u00ean th\u1ee7ng m\u1ed9t c\u00e1ch b\u1ec1n v\u1eefng, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 chuy\u1ec3n sang m\u1ed9t tr\u1ea1ng th\u00e1i m\u00e0 \u00e1p l\u1ef1c b\u00e1n t\u1ef1 nu\u00f4i ch\u00ednh n\u00f3, bi\u1ebfn m\u1ed9t nh\u1ecbp gi\u1ea3m th\u00f4ng th\u01b0\u1eddng th\u00e0nh m\u1ed9t \u0111\u1ee3t lao d\u1ed1c s\u00e2u h\u01a1n nhi\u1ec1u.<\/p>\n<\/div>\n

\n
\"Encryption<\/figure>\n

Ph\u1ea7n l\u1edbn c\u00e1c m\u00f4 h\u00ecnh quy\u1ec1n ri\u00eang t\u01b0 trong crypto suy y\u1ebfu khi d\u1eef li\u1ec7u blockchain ng\u00e0y c\u00e0ng ph\u00ecnh to. Trong khi \u0111\u00f3, c\u00e1c m\u00f4 h\u00ecnh d\u1ef1a tr\u00ean m\u00e3 h\u00f3a nh\u01b0 Zcash l\u1ea1i tr\u1edf n\u00ean m\u1ea1nh h\u01a1n. CoinDesk Research \u0111\u00e3 h\u1ec7 th\u1ed1ng h\u00f3a 5 h\u01b0\u1edbng ti\u1ebfp c\u1eadn quy\u1ec1n ri\u00eang t\u01b0 v\u00e0 ph\u00e2n t\u00edch kho\u1ea3ng c\u00e1ch ng\u00e0y c\u00e0ng n\u1edbi r\u1ed9ng gi\u1eefa ch\u00fang.<\/p>\n

V\u00ec sao \u0111i\u1ec1u n\u00e0y quan tr\u1ecdng:<\/strong><\/h4>\n

Khi m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn blockchain m\u1edf r\u1ed9ng, l\u01b0\u1ee3ng metadata m\u00e0 c\u00e1c m\u00f4 h\u00ecnh machine learning c\u00f3 th\u1ec3 khai th\u00e1c c\u0169ng t\u0103ng theo. V\u00ec v\u1eady, c\u00e1c ph\u01b0\u01a1ng ph\u00e1p b\u1ea3o v\u1ec7 quy\u1ec1n ri\u00eang t\u01b0 d\u1ef1a tr\u00ean l\u00e0m nhi\u1ec5u ho\u1eb7c che gi\u1ea5u d\u1eef li\u1ec7u v\u1ec1 m\u1eb7t c\u1ea5u tr\u00fac \u0111ang d\u1ea7n suy gi\u1ea3m hi\u1ec7u qu\u1ea3. B\u00e1o c\u00e1o n\u00e0y cung c\u1ea5p m\u1ed9t b\u1ee9c tranh so s\u00e1nh to\u00e0n di\u1ec7n v\u1ec1 5 ki\u1ebfn tr\u00fac quy\u1ec1n ri\u00eang t\u01b0 ch\u1ee7 ch\u1ed1t trong crypto, \u0111\u1ed3ng th\u1eddi \u0111\u01b0a ra m\u1ed9t khung \u0111\u00e1nh gi\u00e1 \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u00f4 h\u00ecnh n\u00e0o v\u1eabn \u0111\u1ee7 b\u1ec1n v\u1eefng khi n\u0103ng l\u1ef1c AI ti\u1ebfp t\u1ee5c c\u1ea3i thi\u1ec7n.<\/p>\n

View Full Report<\/a><\/p>\n<\/div>\n

\n

(\u0110\u1ecdc chi ti\u1ebft t\u1ea1i \u0111\u00e2y)<\/em><\/p>\n

\n
\"Oil<\/figure>\n

Gi\u1eefa l\u00fac gi\u00e1 t\u0103ng v\u1ecdt sau nh\u1eefng ph\u00e1t bi\u1ec3u qua \u0111\u00eam c\u1ee7a T\u1ed5ng th\u1ed1ng Trump, gi\u00e1 d\u1ea7u th\u00f4 WTI \u0111\u00e3 nhanh ch\u00f3ng lao d\u1ed1c g\u1ea7n 6 USD\/th\u00f9ng ngay khi tin t\u1ee9c n\u00e0y xu\u1ea5t hi\u1ec7n.<\/p>\n

\u0110i\u1ec1u c\u1ea7n bi\u1ebft:<\/strong><\/p>\n