Greeks.live
Greeks.live|Mar 07, 2025 12:50
http://Greeks.Live Community Daily Digest Published: 2025-03-07 Overall Market Sentiment The group is predominantly bearish on the near-term market direction, with traders watching the 88-80k range as a key chopping zone. There's general consensus that market uncertainty from Trump's tariff policies and economic concerns could push Bitcoin lower, with several traders mentioning potential targets in the 72-75k range. Trump's Crypto Announcements - Underwhelming Market Response • Market viewed recent crypto-related announcements as disappointing with minimal substance, causing a significant price drop during off-market hours • Traders have adapted by rolling positions to later dates and adjusting strategies, with many short calls at 92-95k levels • Volatility metrics show extreme readings with ATM vol at 105% and front-end vols highly elevated, creating opportunities for premium sellers • Group sentiment suggests entering a choppy downtrend similar to 2021, with price likely to fade any rallies and gradually move lower
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