http://Greeks.Live Daily English Community Briefing ===== Release date: July 3, 2025 Overall market sentiment ===== This group exhibits mixed emotions, tactical bearish in the short term, but maintains underlying bullish beliefs, especially near key resistance levels such as $90000 and $102000. Traders observe abnormal derivative activity, with perpetual CVD rising while spot prices remain stable, while holdings and funding rates increase, suggesting potential market manipulation or significant position changes. Despite being in a bull market structure, the short-term bearish positioning ===== Traders are implementing put spreads and month end $100000 put option positions, while maintaining call options in the background, indicating a hedging approach rather than directional beliefs Key technology observations show that $90000 has been rejected as a key resistance level, and the maximum downward target is considered to be $102000 (described as the "absolute maximum" before a potential upward breakthrough) The mixed signals in the derivatives market, where spot prices remain flat/falling while perpetual CVD surges, combined with a significant increase in holdings and rising funding rates, create uncertainty about market direction and potential manipulation possibilities