Greeks.live: Options data shows that the BTC trend may not have reversed, and the volatility of ETH is expected to be small in the near future

BlockBeats news, on February 26, analyst Adam from Greeks.live posted on social media that there is a general bearish sentiment in the current market, believing that the rebound is weak, and BTC may further fall below $80,000, and some even believe that it will ‘replicate’ the oscillating trend of last year. Many traders pointed out that the current market has broken the ‘M top’, and there is a risk in the medium term. Meanwhile, BTCSpot ETF has also seen record net outflows, all of which have intensified the bearish sentiment in the market. In terms of Options data, Options traders discussed the abnormal performance of Volatility in the current market. Despite the big dump, the Volatility of medium to long-term Options has not been effectively increased. This may indicate that the market expects this to be a one-time decline rather than a trend change. Traders have observed that the gamma distribution of ETH is very strong at the $2500 price level, and the negative gamma dispersion indicates that the market expects relatively low volatility in the near term.