Nothing ever happens...

Community Daily Digest Published: 2025-07-24 Overall Market Sentiment The group shows a predominantly bearish sentiment with traders holding put positions despite significant losses. Most traders are focused on potential downward moves, with key discussion around volatility levels around 30% . Musk Market Movement - Bearish Positioning Maintained • Traders acknowledged Musk moved coins as a catalyst but maintained their bearish stance with puts expected to print • Despite 90% losses on put positions, traders are doubling down with suggestions to "sell more" rather than cutting losses • Volatility trading remains active with focus on 30% vol levels being sold on weekends, indicating continued high implied volatility environment

I show an example of using the @GreeksLive smart trading feature to automate option orders on @DeribitOfficial in my latest video: I've used the maker assistant tool in previous videos, but this is superior, so I will be using this instead going forward.

Market sentiment changes quickly, and the 1-month skew has turned negative. A 1-week negative skew of 2 volatility points is not insignificant.

We are grateful to get a peak into the largest trades provided by @greekslive These trades were the largest trades blocked on this past week. As always, we can't see the whole book here or if they were opening/closing. 5/7

Community Daily Digest Published: 2025-07-15 Overall Market Sentiment The group maintains a bullish outlook despite recent volatility, with traders expecting Bitcoin to reach 130k in the short term and dismissing current levels as temporary. Multiple traders have been actively selling puts at various strikes including 116P and 117P, with consensus that "the top is not in" despite market downturns. Put Selling Strategy - Coordinated Market Control • Traders report a coordinated put selling strategy with strikes at 116P, 117P, and 119/114 spreads, claiming their actions directly influence market movements • The group operates on a "**theorem**" that selling puts causes immediate price drops, with traders joking they "**control the market 100%**" and "**fixed this market**" • Put debit spreads and credit spreads are being used defensively for 2-week timeframes, with plans to roll positions until finding the bottom during trending markets

The Backwardation of the term structure of the Bitcoin options market, i.e., the near-high phenomenon, generally occurs only 10% of the time, unless the market enters a big bull market, which can last for half a year to a year. How long will this Backwardation last? We'll see. The positive bias of Skew/RR is rapidly converging, and has changed from +2.50% to only +1.00%.

Another one!!! Congratulations on a new $BTC all time high (again!)

Congratulations on a new $BTC all time high!

EETH has entered a negative gamma zone ($2,650–$3,500). Dealers are now hedging with the market, not against it. A setup that can amplify volatility rather than contain it. Read via @CoinDesk ⬇️