http://Greeks.Live Community Daily Digest #daily Published: 2025-12-02 Overall Market Sentiment The group shows a cautiously bullish bias with traders calling bottoms and expecting upside, though sentiment is tempered by frustration over choppy price action and false moves. Key focus remains on whether current levels around $95k-100k represent the final bottom, with traders watching BTC term structure and put skew showing bearish positioning despite bullish calls. Options Market Structure - Bearish Positioning Despite Bottom Calls • Put skew remains elevated with term structure showing full bearish positioning, creating opportunities for short put sellers targeting ETH 2600 levels for end of week expiries • Traders shifting from BTC to ETH options due to better volatility opportunities, with BTC BVIV at 50 now making it more attractive after period of compressed vols • Risk sellers dominating the tape through short put strategies while avoiding call buying into dumps, learning from February's $100k to $78k to $95k expiry volatility that caught many offside(Greeks.live)