Odaily News Greeks.Live macro analyst Adam published a community briefing saying that traders are preparing for more declines and another four years of volatility, and many are selling call options, especially at the $87,000 and $90,000/94,000 strike prices expiring on April 4.
Multiple traders reported also selling put options to take advantage of market volatility, maintaining a slightly positive delta but maintaining a short-term low volatility view. Market participants discussed the impact of GME deployment ($140 million) and other large Bitcoin holders (Saylor 22,000, Tether 8,000), but the consensus was that these factors did not significantly move the market.