ChainCatcher Message, QCP releases daily market observations. The market has shown volatility sell-offs as expected at the end of the quarter, with volatility decreasing by 2-3 volatility points since last Friday's options expiration📉.

Although BTC is consolidating near the bottom of the 1-month range with flat returns this month, its performance in the fourth quarter has been decent: BTC is up 48%, and ETH is up 30%. However, it may be too early to summarize this quarter📊.

Saylor has released the BTC purchase tracker again, which may indicate a new round of purchases that could support prices. However, we do not have high expectations for the market during the New Year period and expect spot prices to remain stable in the short term until a rebound in February📈.

Options flow shows a decrease in front-end volatility, with strong demand for March call options, reflecting market sentiment📅.