PANews reported on January 15 that according to The Block, as the US president-elect prepares for his second inauguration on January 20, the Bitcoin derivatives market shows an increase in volatility expectations. Derive.xyz data shows that Bitcoin's medium-term outlook shows bearish signs, and the proportion of put options in open contracts has increased to 40%, a sharp increase in a week. Sean Dawson, head of research at Derive.xyz, pointed out: "This is a significant increase compared to 20% last week, indicating that traders are hedging the downside risks that may arise from the approaching Trump inauguration."

Bitcoin's implied volatility has risen, and market uncertainty has increased. In the past week, Bitcoin's seven-day par implied volatility has risen 3% to 56.5%, and the 30-day implied volatility has also increased by 1.5% to 57.5%. Dawson said these trends reflect the market's increased expectations that Bitcoin prices may fluctuate sharply in the days before the Inauguration. Ethereum traders have stronger expectations for volatility. In the past 24 hours, Ethereum's seven-day implied volatility has surged 6% to 74%, and the 30-day implied volatility has climbed 2.5% to 69.5%. Dawson explained: "Ethereum traders expect greater spot volatility, which may be related to Ethereum's high sensitivity to macroeconomic changes and more speculation about the direction of post-inauguration policies."

Derivatives market activity has increased significantly, with open interest in Bitcoin options surging to $237 million in the past 24 hours, as trader participation has increased. Dawson added: "With 38% of Bitcoin call options contracts bought and 37.3% of put options contracts bought, traders are clearly preparing for increased volatility, especially with Inauguration Day approaching. This preference for market volatility may reflect increased uncertainty in the U.S. market as market expectations for recent rate cuts are waning."