http://Greeks.Live Daily Briefing of Chinese Community ===== Release date: July 14, 2025 Overall market sentiment ===== The group generally holds a bullish attitude towards the market, with the large pancake breaking through $120000 and continuing to rise to $123000. Traders believe that if it continues to rise this week, it will be a signal of collective surrender from bears. Most traders are concerned about $130000 as the next important resistance level, but there are differences in their pursuit of this level. Some believe that the risk is high and dare not chase after it. hot topic ===== The option synthesis delivery mechanism has sparked in-depth discussions, with a focus on explaining how to achieve real delivery through perpetual contracts after selling call options with real value, as well as the risk differences between it and settlement delivery The arbitrage strategy between futures and cash has become a hot topic, with an 8% premium on current delivery contracts. By buying spot goods while shorting delivery contracts, risk-free annualized returns can be obtained The market has experienced a phenomenon of high leverage and strong push. When Ethereum rose 1%, the contract holdings increased by $1 billion, and the leverage level exceeded the peak of the bull market in 2021