http://Greeks.Live Daily Briefing of Chinese Community ===== Release date: June 30, 2025 Overall market sentiment ===== There is a clear divergence among the group regarding the trend of the big pancake. Most traders believe that the intensive liquidation of short positions may push the price to $113000 or even a new high, but there are also views questioning the lack of participation in the options market and the shrinking of OI in the current rise. Traders generally pay attention to the IV level and short clearing situation, believing that the current trend is more driven by futures rather than spot purchasing power. hot topic ===== The MSTR effect continues to ferment, and Spanish coffee chain brand Vanadi Coffee has received shareholder approval to invest up to 1 billion euros to purchase Bitcoin, following the MicroStrategy model More and more large capital institutions are holding Bitcoin, leading to centralized pricing power. Retail investors have very little Bitcoin left, and most of the selling pressure is caught by institutions In the discussion of option strategies, traders adopt a sell close buy long strategy, taking advantage of the volatile short-term IV and relatively stable forward characteristics to profit