Greeks.live： The market is generally bearish, BTC may fall below $80000

Adam, a macro researcher at Greeks.live, released a Chinese community briefing on X platform, stating that the market is generally bearish, believing that the rebound is weak and BTC may further fall below $80000. Some even believe that it will follow last year's volatile trend. Several traders pointed out that the current price has fallen below the M peak, indicating risks in the medium-term direction. At the same time, the record net outflow of Bitcoin ETFs has intensified bearish sentiment. Options traders discussed the abnormal performance of current market volatility, despite the sharp decline in market conditions, the volatility of medium and long-term options has not effectively increased. This may indicate that the market expects this to be a one-time decline rather than a trend shift.