QCP analysis: Bitcoin dropped sharply early this week before rebounding to $88K, a level recently causing liquidation-driven selloffs. Options volatility stable with positive term structure, but negative left-tail skew and expensive near-term wings signal gap-risk hedging. This week: Fed Jan 28 decision, Jan 30 funding deadline (shutdown risk), crypto market structure bill review, amid FX pressure post USD/JPY rate check. Brief shutdown may spark risk wobble; prolonged tightens liquidity. Fed expected to ho ...