According to the analysis of the decentralized on-chain options platform Derive, the current calm of the Bitcoin (BTC) market may be just a short-term phenomenon and may usher in significant price fluctuations in the future. Derive founder Nick Forster said Bitcoin’s key volatility indicator is approaching its monthly low, with the current weekly volatility falling to 49%, compared with 91% at the beginning of the month. Despite this, volatility has the characteristics of mean regression and may rebound to the 60%-70% level in February in the future. In addition, potential volatility triggers include changes in the situation in Ukraine or adjustments to crypto-regulatory policies under the Trump administration. The Fed's upcoming interest rate resolution may also have an impact on the market. Although the market expects interest rate cuts to be cuts two to three times this year, BlackRock believes that the room for interest rate cuts may be limited, and continued inflationary pressure may limit the extent of interest rate cuts.