Greeks.live indicates that as the cryptocurrency market remains at a high level this week, the BRC market continues and lending rates continue to rise. At the same time, a large number of protective put options have been traded, and all signals indicate potential risks of a collapse. From option data, we can see that option positions have shifted to longer-term maturities, especially due to potential expectations for ETFs. Positions in January are higher than previous years, and significant changes are still ongoing.