Greeks.Live analyst Adam wrote that after Bitcoin failed to hit the 100,000 dollar mark, ETF funds continued to flow out. Trump is about to officially take office as US president, but major speculative markets are full of risk aversion, and US stocks have fallen sharply. Next week (January 13-19), the market will focus on Wednesday's US CPI data release. This will be the most important macro data before Trump takes office, and the market is now waiting for Trump to fulfill his various promises. In the options market, due to the abundant margin of institutions, as long as there is a chance to sell, there will be a large amount of selling, resulting in a significant decrease in short-term implied volatility (IV). From the perspective of option transactions, bulk call options are actively traded, mainly used to supplement institutional sell positions. Options are relatively undervalued at the end of January and relatively overvalued in March. In addition, new European Union regulations require crypto exchanges to comply with travel rules guidelines, strengthen anti-money laundering measures, and complete KYC for transactions such as Deribit to operate normally. In terms of interest rate markets, the Bitfinex interest rate market has been stable recently, and it is recommended to actively trade when the interest rate is appropriate, especially when the market is volatile.