http://Greeks.Live Community Daily Digest Published: 2025-03-18 Overall Market Sentiment The group's sentiment is predominantly bearish with traders noting broken bullish levels and a lack of upward momentum. Key price levels being watched include 83K for short-term support and 85-86K as a potential squeeze target for shorts, while traders observe that the current bearish trend shows no signs of reversal. Choppy Market Conditions - Option Strategies Adapting • Traders are focusing on selling calls rather than buying puts as the preferred bearish strategy in this environment • Many ratio spreads (91/95) are expected to expire worthless across multiple expiration dates including March 21, March 28, and April 4 • Forward volatility suggests dead market conditions extending through April and May, with some expecting similar choppy PA reminiscent of March-August 2023 • OKX June basis shows a complete washout, indicating heavy market sentiment despite Saylor's attempts to provide support through coin purchases