http://Greeks.Live English Community Daily Brief ===== Publication Date: 2025-09-24 Overall Market Sentiment ===== The group is showing a predominantly bullish sentiment, with traders actively selling put options and preparing for a potential bottom formation this week. There’s a consensus around key price levels, with expectations of either bottoming near the current price or slightly breaking below to 108k before a potential rebound. Most traders view the gradual decline as an opportunity rather than a concern. Put Option Selling Strategy - Risk-Reward Consensus ===== • Multiple traders are actively selling BTC and ETH put options across different timeframes, believing that a slow decline benefits option sellers due to volatility decay despite the price drop. • ETH volatility is showing particular stickiness, with put options losing value even during the decline, making 2-day-to-expiry 20-Delta puts especially profitable trades. • Advanced strategies are emerging, including long-term calendar spreads (selling 1-month, buying 3-month) and risk reversals to capitalize on the flat term structure and repricing opportunities in negative skew.