PANews reported on January 31 that Greeks.live macro researcher Adam wrote that the January 31 option delivery data showed that 80,000 BTC options expired, with a Put Call Ratio of 0.68, a maximum pain point of $98,000, and a nominal value of $8.38 billion. 603,000 ETH options expired, with a Put Call Ratio of 0.43, a maximum pain point of $3,300, and a nominal value of $1.96 billion.

The market was relatively flat this week. The market was mainly digesting the impact of Trump Trade over the past three months. Monthly delivery accounted for nearly 30% of total positions, and quarterly option positions that expired at the end of March after delivery accounted for 50%. Trump's inauguration not only did not bring the expected large amount of incremental funds to the currency circle, but also caused the crypto market to weaken due to the issuance of memes and slow policy releases. However, in the long run, there are still many positives to look forward to. The Federal Reserve's interest rate meeting maintained no interest rate cuts, and the expectations for subsequent macroeconomic events were relatively stable. This week, we will focus on the policy changes of the new government and the inflow of ETFs.