Analyst: Recent Rebound Far from a Bull Market, Bitcoin Faces Significant Pressure to Break $100,000

Odaily According to a post by Adam, a macro researcher at Greeks.live, on the X platform, the recent rebound in the crypto market is far from signaling a bull market. Current market sentiment is very poor, and Bitcoin faces significant pressure to break through the $100,000 mark. Unless there is extremely strong buying power to force a rally, a gradual decline will likely persist. Data from the options market confirms this view: Implied Volatility (IV) continues to fall, Skew remains negatively biased, and large block trades with a bearish bias consistently account for the largest share of volume—all of which are signals of a weakening market.