http://Greeks.Live Community Daily Digest Published: 2025-07-03 Overall Market Sentiment The group shows a mixed sentiment with tactical bearishness in the short term but maintains underlying bullish conviction, particularly around key resistance levels like 90k and 102k. Traders are observing unusual derivatives activity with perp CVD rising while spot remains flat, alongside increasing OI and funding rates, suggesting potential market manipulation or major positioning changes. Short-term Bearish Positioning Despite Bull Market Structure • Traders are implementing put spreads and 100P for EOM positions while maintaining calls in the background, indicating hedged approaches rather than directional conviction • Key technical observation of 90k denied as critical resistance, with maximum downside target seen at 102k (described as "absolute max" before potential breakout higher) • Mixed signals from derivatives markets with perp CVD through the roof while spot flat/down, combined with OI up big and funding UP, creating uncertainty about market direction and potential for manipulation