Greeks.live: Traders are paying attention to $75000 and $67000-7000 as potential support ranges

星球日报
星球日报|Feb 28, 2025 12:58
Odaily Planet Daily News: Adam, a macro researcher at Greeks.live, released an English community briefing, revealing that during the week when Bitcoin plummeted from $94000 to $96000 to around $80000, the group generally held a bearish attitude. This significant sell-off resulted in significant losses for community members. Traders are paying attention to the potential support ranges of $75000 and $67000-7000, and there is some debate about whether these have bottomed out or may further decline. Many traders have experienced the largest losses in history, with some reporting a 70% drawdown from historical highs and "7 months of profit turned into nothing". This sell-off was described as having a losing control momentum without a clear catalyst, even surprising experienced traders who had high confidence in the $94000 to $96000 range. Some traders manage their risk through protective put options, partially holding onto their positions, while others seek to implement a put option spread strategy (selling a $65000 put option expiring in April and buying a $70000 put option) to recover their losses.
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