http://Greeks.Live Daily English Community Briefing ===== Release date: February 25, 2025 Overall market sentiment ===== The group generally holds a bearish attitude, and as Bitcoin falls below $90000 and continues to face downward pressure, there is a clear sell-off in the market. Traders are focusing on the key support levels of $88000 (daily moving average) and $93300 as potential rebound areas, but many believe that if these levels cannot be held, they may further fall to $80000- $85000 or even $70000. Market structure analysis - shift towards bearish bias ===== The market is experiencing price insensitive selling, with continuous influx of market price sell orders even during price declines, suggesting the possibility of forced liquidation or large sellers reducing their positions Some traders expect a short-term mean return to $92000, but overall sentiment suggests that this may only be a temporary rebound in the new downward trend The options market shows interesting activity, despite significant price fluctuations, with a March volatility of 46.5%, and surprisingly, the open interest data did not show severe bearish dominance as expected Option traders are adjusting their strategies by liquidating short positions in put options and accepting losses. Some are actively planning for a rebound, holding long positions in call options and high delta exposures (up to 7-8 times equity) The performance of altcoins is worse than that of Bitcoin, and some have pointed out that this is similar to the early stages of previous bear markets, where Ethereum was particularly weak.