Greeks.Live Chinese Community Daily Briefing

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Release Date: 2025-02-26

Overall Market Sentiment

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The market generally shows a bearish sentiment, believing that the rebound is weak, and BTC may further decline to below 80,000, with some opinions suggesting it will follow last year's volatile trend. Multiple traders have pointed out that it has currently broken below the M top, and there are risks in the mid-term direction. At the same time, the record net outflow of Bitcoin ETFs has intensified bearish sentiment.

Hot Topics

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• Options traders are discussing the current market volatility performance, which has been abnormal. Despite the sharp drop, the volatility of medium to long-term options has not effectively increased. This may indicate that the market expects this to be a one-time drop rather than a trend reversal.

• Traders have observed that the gamma distribution of ETH is very strong around 2500, with negative gamma dispersion, expecting low volatility in the near term.

• There is a heated discussion about DVOL (Volatility Index), with professionals pointing out that insufficient liquidity is the main issue. There are suggestions to introduce perpetual DVOL to increase liquidity, but it also faces technical challenges in index design and risk management.