According to Odaily Planet Daily, Greeks.live macro researcher Adam posted on the X platform that due to the sharp overnight sell-off in Bitcoin, the group displayed significant bearish sentiment, with traders expressing concern about a breakout of key support levels. $110,000 became a key support level that the community was eager to defend. Traders were caught up in the extreme volatility, with options positions fluctuating wildly—one member's short position in 108 put options went from -92% to -10% in a matter of hours. The group, observing market structure, predicted a potential massive liquidity waterfall and expected Bitcoin to fall to $90,000 within three weeks. Due to the volatility, several members completely closed their delta exposure, while others took a break without setting stop-loss orders, accepting any possible outcome.
