QCP Capital Analysis points out that with the decline in volatility after the quarterly option expiration, Bitcoin is currently consolidating at the bottom of the monthly range, with the monthly performance basically flat. Throughout the fourth quarter, BTC rose by 48%, while ETH increased by 30%. QCP maintains a cautious attitude towards the market performance at the beginning of the new year. The market may continue to fluctuate in the short term, and a more active market is expected starting in February. The options market flow also reflects a similar expectation, with short-term volatility continuing to decline, while the demand for March call options has significantly increased.