http://Greeks.Live Community Daily Digest Published: 2025-02-25 Overall Market Sentiment The group is predominantly bearish with a significant selloff occurring, as BTC has broken below 90K with continued downward pressure. Traders are watching key support levels at 88K (daily MA) and 93.3K as potential areas for a bounce, though many believe further downside to 80-85K or even 70K is possible if these levels don't hold. Market Structure Breakdown - Shift to Bearish Bias • Market is experiencing price-insensitive selling with constant market sells hitting even as price drops, suggesting possible forced liquidations or large sellers unwinding positions • Short-term mean reversion to 92K is anticipated by some, but overall sentiment indicates this may be a temporary bounce in a new downtrend • Options market shows interesting activity with March volatility at 46.5% despite the sharp move, while OI data surprised by not being as heavily short-dominated as expected • Options traders are adjusting by closing short puts and taking losses, with some aggressively positioning for a bounce with long calls and high delta exposure (up to 7-8x equity ) • Alts are performing worse than BTC, with some noting this resembles the early stages of previous bear markets with ETH particularly weak