According to PANews, Greek.live macro analyst Adam stated on the X platform that the market has once again fallen into a correction this week, with Bitcoin failing to break through $100,000, which remains a strong resistance level. Trump is about to officially take office as President of the United States, but major speculative markets are filled with risk-averse sentiment, leading to significant declines in US stocks. CPI data will be released this Wednesday, which will be the most important macro data before Trump's inauguration, and the market is now waiting for the various promises made by Trump to be fulfilled.
Bitcoin's attempt to reclaim $100,000 has failed, and the outflow of BTC ETFs continues. The short-term market is relatively sluggish, but if Bitcoin can stabilize at $100,000, market confidence can quickly recover. In terms of options, institutions have sufficient margins, and whenever there is a selling opportunity, they will sell in large amounts, leading to a significant decline in short- to mid-term implied volatility (IV). Recently, there has been a high volume of bullish options trades, primarily to supplement institutional short positions. From an event-driven perspective, late January is relatively undervalued, while March is relatively overvalued.
