http://Greeks.Live Community Daily Digest Published: 2025-05-21 Overall Market Sentiment The group is predominantly bullish with most members expecting Bitcoin to reach new ATH soon, with key price levels at 106-108K being watched for a potential breakout. A minority view suggests caution near these levels, with some traders positioning for a potential pullback while maintaining overall bullish delta exposure. Options Positioning Near ATH - Hedged Bullish Bias • Most traders are selling puts for yield (102-103K strikes) while rolling them indefinitely to maintain positive delta exposure • Some are buying butterfly spreads (104/109/114) and put spreads (106/102) for protection while maintaining overall bullish positioning • ETH calls seeing interest with expectations it will catch up to BTC's move, with some targeting 2800 as potential move • Traders note expensive call premiums near ATH levels and are cautious about aggressive long positioning without proper risk management