http://Greeks.Live Community Daily Digest Published: 2025-04-07 Overall Market Sentiment The group is overwhelmingly bearish except for two people as Bitcoin dropped below 80K following broad market selloffs, with traders attributing the crash to Trump's trade war policies. Most traders are watching key support levels at 78-75K, with some expecting further drops to 72K or even 65K if the market panic intensifies. Market Panic and Liquidation Cascade - Lagging Effect Theory • Bitcoin finally broke down after initially showing resilience, confirming the "decoupling was a trap" theory that crypto was simply lagging traditional markets • Ethereum collapsed 15-20% harder than Bitcoin, with several large positions being liquidated including a significant 53,000 ETH position • Traders noted extremely high volatility (DVOL 61+) and skewed options pricing with 80-96% implied volatility on downside puts • Many are hesitant to catch the falling knife, with consensus that we're seeing an "orderly selloff" that will likely accelerate once US markets open • Traders are generally waiting to deploy capital at lower levels, with interest in selling puts at 75-78K, but expect the fear to intensify before a true bottom