Greeks.live: Option data indicates that the BTC trend may not have reversed yet, with ETH expected to have lower volatility in the near future

BlockBeats News, February 26th, Analyst Adam from Greeks.live expressed on social media that there is currently a widespread bearish sentiment in the market, believing that the rebound is weak and BTC may further decline to below $80,000. Some even believe that it will "replicate" last year's oscillating trend. Several traders have pointed out that the current price has fallen below the "M top," indicating a medium-term downside risk. Additionally, the Bitcoin spot ETF has also seen record outflows, further intensifying the market's bearish sentiment.

Regarding options data, options traders discussed the abnormal performance of market volatility, noting that despite the sharp downturn, the volatility of medium-term options has not effectively increased. This may indicate that the market expects this to be a one-time decline rather than a trend reversal. Traders observed that ETH's gamma distribution is very strong at a price of $2500, with a negative gamma dispersion indicating that the market expects low volatility in the near term.

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