[Matrixport: Crypto Traders Shift to Range Trading for Profits Instead of Chasing Breakouts] According to a report by Jinse Finance, Matrixport's daily chart analysis indicates that despite Trump's renewed tariff threats, the implied volatility of Bitcoin and Ethereum has only slightly increased. In fact, since mid-November, the volatility in the cryptocurrency market has significantly declined, with volatility points dropping by approximately 18 to 25 over the past two months, showing a notable compression in volatility. This decline signals that traders are neither chasing upside gains through options tools nor aggressively hedging downside risks. Instead, from the perspective of capital positioning, the market is adopting a more refined operational strategy: in the Ethereum market, seasoned investors appear to be continuously accumulating spot positions while systematically selling call options. Although this strategy limits potential upside gains, it allows traders to achieve volatility arbitrage in the current low-leverage, range-bound market environment — a highly adaptive approach to the present market conditions.