http://Greeks.Live Daily Briefing of Chinese Community ===== Release date: July 15, 2025 Overall market sentiment ===== There are differences in the short-term trend of Bitcoin among different groups. Some traders believe that the daily central line of 104000 to 108000 US dollars has been broken, and if it does not fall back, it will form a 3-buy signal. However, there are also signs of a bearish trend that may turn into a 1-sell. In terms of Ethereum, traders are relatively pessimistic about its performance and believe that it may become the second Litecoin, but there are still traders who insist on being bullish above cost price in the long run. hot topic ===== Discussion on the development of on chain options: Traders deeply analyze the liquidity shortage problem faced by on chain options and believe that the traditional order book model is not suitable for the on chain environment. They propose an AMM options solution based on Uniswap V3 transformation • Technological innovation concept: It is recommended to use volatility surface parameters to allow users to set the IV interval for pooling, and the system will automatically match option trades with different expiration dates, achieving a standardized product similar to self-service over-the-counter options • Implementation challenge analysis: Although the technical solution is feasible, capital efficiency and fee income remain key issues. Cryptocurrency options lack regulatory driven demand in the US stock market, and the overall outlook remains bleak