Odaily News Adam, a macro researcher at Greeks.live, wrote that after the announcement of the Trump cryptocurrency task force, the group's opinions were divided but cautiously bullish, and $105,000 became a key support level. Traders are closely watching the $103,000-108,000 range and are skeptical about the upward momentum because the price trend, although volatile, remains within the range.

•Main trading activity was concentrated in near-term options, with significant but ultimately zero volume on the $110,000 call on January 25 •Most traders took defensive positions, buying call spreads and selling puts at $102,000-105,000 next week •Concerns about upcoming volatility catalysts, including next week's FOMC meeting and the Lunar New Year (January 29), led traders to take cautious positions and partially reduce their exposure