Singapore cryptocurrency investment firm QCP Capital stated that after a market washout last week, spot prices have remained in sideways fluctuations. This Friday will see nearly $20 billion in Bitcoin and Ethereum options expiring, accounting for nearly half of Deribit's total open interest. The options expiration may trigger end-of-quarter volatility sell-offs, especially in a situation where spot prices are stagnant and sellers continue to roll over short positions. If BTC breaks through $100,000, volatility may remain stable; otherwise, altcoins may have a chance to catch up. Currently, BTC's market share is 58%, and attention should be paid to whether funds flow into altcoins to confirm a trend change.