Market analyst James Van Straten pointed out that options contracts and other derivations will drive Bitcoin's market capitalization to at least $10 trillion. He believes that derivatives can not only attract more institutional investors to get on board but also effectively buffer the inherent high volatility risks of the Digital Money market. Van Straten used the Chicago Mercantile Exchange (CME) Bitcoin futures open interest hitting a historical high as an example to illustrate that an important shift in market structure is occurring. He analyzed that this phenomenon is partly due to the widespread use of systematic volatility selling strategies (such as covered call options strategies), reflecting the increased liquidity and maturing structure of the Bitcoin derivation market. At the same time, he also pointed out that the drop in volatility has a two-way effect: while it can alleviate the common severe decline in the crypto market, the high-return big pump scenarios that investors are accustomed to will also correspondingly decrease.