http://Greeks.Live English Community Daily Briefing ===== Release Date: 2025-11-21 Overall Market Sentiment ===== The community is predominantly bearish, with traders suffering significant losses amid the ongoing downtrend. However, some members, including Prof, have repeatedly bought the dip around 86k BTC and 2800 ETH. Most traders are cautiously positioning with bearish options, while volatility remains high. Key support levels to watch are 83k BTC (described as 'rock solid') and 2600-2800 ETH, though many remain skeptical about the sustainability of any rebound. Selling Volatility in a Choppy Market ===== • Several traders have shifted strategies, selling put options at the 2600 ETH and 84-86k BTC levels. Some have taken aggressive short put positions worth 3-5x their equity, accepting significant downside risk in hopes of catching the bottom. • The consensus is that the optimal strategy in the current environment is selling volatility through iron condors and wide straddles, rather than making directional bets, as the market exhibits extreme choppiness, causing most active traders to churn weekly. • Experienced traders note that since major market makers exited, opportunities for volatility compression have decreased. Some are turning to futures rebate arbitrage and gamma scalping strategies as preferred methods to navigate the anticipated consolidation market in Q1 2025.