Greeks.live macro researcher Adam stated that on January 10, a total of 19,000 BTC options will expire, with a Put Call Ratio of 0.65, a maximum pain point of $97,000, and a nominal value of $1.81 billion. 141,000 ETH options will expire, with a Put Call Ratio of 0.48, a maximum pain point of $3,450, and a nominal value of $460 million. Affected by weak U.S. stocks and adverse macro factors, the market experienced a significant pullback this week, with Bitcoin briefly dropping below $91,000, reaching a new low in nearly a month, and altcoins saw even sharper declines. Short-term options IV has risen, and market panic sentiment has clearly increased.
With just one week left, Trump will officially take office as the new President of the United States, but the direct benefits are limited, with more long-term advantages. The recent continuous pullback in U.S. stocks has also brought considerable uncertainty to the market, and the likelihood of maintaining interest rates during this month's monetary policy meeting is very high. This week, we will focus on the price trend of Bitcoin and the inflow of ETFs; if the situation is unfavorable, a portion of short-term put hedges can be purchased, while if the situation improves, monthly bullish strategies may offer better cost-effectiveness.

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