Key Points:
English-language trading groups show bullish sentiment despite BTC weakness.
Traders are selling put options, signaling expectations for a near-term bottom.
Market participants see a rebound forming near $108,000–current levels.
According to Greeks.live macro researcher Adam, sentiment in English-language trader groups remains bullish despite Bitcoin’s recent pullback.
In a September 24 briefing, Adam noted that traders are actively selling put options and preparing for a possible bottom formation this week.
Most participants expect Bitcoin to either establish a bottom around current levels or dip slightly below $108,000 before a rebound. Traders characterized the ongoing slow decline as an opportunity rather than a concern, suggesting optimism that downside may be limited.
