Greeks.live: The market sentiment is cautiously optimistic, Bitcoin faces a low volatility environment
On February 23, Adam, an analyst at Greeks.live, posted on social media that the overall market sentiment remains cautiously bullish, closely watching the key resistance level of $99,000. Although some community members expect prices to rise in March, considering recent hacking incidents and a low volatility environment, they are currently focusing on how to protect against downside risks.
Option skewness has normalized after recent events; yesterday's put option trading volume decreased by 50%, options with peer strike price have been significantly repriced, increasing by 40-80% compared to the previous day. Traders are discussing hedging strategies for March and suggest risk protection while maintaining a bullish exposure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The HyperLiquid team has unstaked 2.6 million HYPE tokens, of which 609,000 were sent to an OTC platform.
Publicly listed company Prenetics increases its total bitcoin holdings to 504.
BTC holdings of the Australian Monochrome spot Bitcoin ETF have risen to 1,158.