Greeks.live: Most traders expect Bitcoin to fall significantly

Odaily News Greeks.live macro researcher Adam published an English community briefing, which stated: The group is generally bearish, and most traders expect a significant decline, especially before the upcoming Bitcoin conference (May 27-29). There is a clear divergence between bears who expect an imminent plunge and a bull who predicts that SPX will reach 6650 by the end of July, and Bitcoin may reach $120,000 before a correction to $102,000. Despite the continued upward price momentum, most active traders still hold a large number of put option spread positions. Traders plan to increase put option positions before the Bitcoin conference because they expect volatility to be repriced due to this event.