According to Wu, SoSoValue data shows that BlackRock's Bitcoin Spot ETF (IBIT) had a total of 354 thousand options contracts traded this Tuesday, with a nominal trading volume of 1.86 billion USD. The options also drove a 32% week-on-week increase in IBIT trading volume. Among all traded contracts, 288.70 thousand were call options and 65 thousand were put options, resulting in a call/put ratio of 4.44, indicating a generally optimistic market sentiment. The data indicates that market trading is concentrated on bullish options expiring on January 17, 2024, within a price range of 55-60 USD. Corresponding to Tuesday's closing price of IBIT, there was an increase of 4.4%-13.9%, with analysts stating, "Roughly corresponding to a Bitcoin price of 97 thousand-105 thousand USD, indicating that the market expects Bitcoin to reach 100 thousand USD before Trump's official inauguration." It is noteworthy that the implied volatility of options expiring in January is between 68%-69%, compared to IBIT's 60-day historical volatility of around 55%, suggesting that investors prefer to hold options rather than sell them.