Greeks.live： This week, the cryptocurrency market has been relatively flat, mainly digesting the impact of Trump Trade over the past three months

According to Adam, a macro researcher at Greeks.live, on January 31st, option delivery data showed that 80000 BTC options had expired with a Put Call Ratio of 0.68, a maximum pain point of $98000, and a nominal value of $8.38 billion. 603000 ETH options have expired, with a Put Call Ratio of 0.43 and a maximum pain point of $3300, with a nominal value of $1.96 billion. This week, the market has been relatively flat, mainly digesting the impact of Trump Trade over the past three months. Monthly delivery volume accounts for nearly 30% of total holdings, and quarterly option holdings that expire at the end of March after delivery account for 50%. Trump's inauguration not only did not bring the expected large amount of incremental funds to the cryptocurrency industry, but also caused a weakness in the cryptocurrency market due to the issuance of Memes and slow policy releases. However, in the long run, there are still many good things to look forward to. The Federal Reserve's interest rate meeting remains unchanged, and expectations for subsequent macroeconomic events are relatively stable. This week, we will focus on the policy changes of the new government and the inflow of ETFs.