Greeks.live|Mar 03, 2025 12:36
http://Greeks.Live Community Daily Digest
Published: 2025-03-03
Overall Market Sentiment
The group is predominantly bullish after a dramatic V-shaped recovery that took BTC from lows of $78k to nearly $95k. Traders are watching the 90-94k range closely for continuation, with some expecting a retracement to 88-89k before further upside, while sentiment has completely flipped from extreme bearishness following Trump's announcement of a potential "Crypto Strategic Reserve" including BTC, XRP, SOL, and ADA.
Sunday Pump: Insider Trading & Market Extremes
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• The rapid 15%+ weekend pump was triggered by Trump's announcement about including cryptocurrencies in a strategic reserve, which many traders view as "pure crime" and potential insider trading with evidence showing large positions opened just hours before the news
• Most traders were caught on the wrong side after the February 27th expiry, having reduced delta or sold calls on what appeared to be a breakdown, causing significant emotional distress with some considering quitting trading
• The group expects CME gap fill concerns to persist but believes this could be the start of a new uptrend with upcoming catalysts including the March 7th White House crypto summit and potential state-level Bitcoin reserve announcements from Utah and Arizona
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