#比特币现货ETF The low-volatility period during the Christmas holiday, to be honest, is a bit of a test of patience. Over 50% of options positions are waiting to expire, institutions are repositioning in advance, and implied volatility (IV) has fallen more than 5% across the board—these signals all tell the same story: the market is on holiday, and hot money is taking a break.

From a copy-trading perspective, the next two weeks will be a real test of traders' true skills. Those who rely on volatility for profit may need to reduce their sense of timing and switch to low-frequency but precise opportunity sniping. Among the traders I’ve been observing recently, some have already significantly reduced their positions and trading frequency, which is actually a good sign—knowing when to rest is more professional than knowing when to act.

In this environment, products like Bitcoin spot ETFs become the "conservative group"’s first choice. Volatility compression means risks are relatively controllable, but it also limits the potential for gains. If your risk appetite is aggressive, you might need to readjust your copy-trading allocations during this period, allocating more weight to traders with a conservative style.

The bottom line is: don’t aim for excess returns in these two weeks; just protecting your principal is a win. When the market starts to warm up again, that will be the real opportunity.