After going through both bull and bear cases there is no consensus and the verdict is split almost equally. In such cases it comes down to gut feeling, belief and faith. These are not territories I like to trade in and so I will not comment for others to take a position. However working on belief system I personally have belief in the long run BTC will go up, so personally I would continue acquisition by AIP.
I will see opportunity for options which are mispriced. Some of the drop will be overdone. Volatility arbitrage is when you trade on the expected volatility being more or less than the actual volatility. When expectation is more than actual it’s an option selling opportunity and vice versa. One must keep the pulse of volatility always.