http://Greeks.Live Community Daily Digest Published: 2025-03-04 Overall Market Sentiment The group is predominantly bearish following the complete retracement of the recent "Trump pump" with traders watching 86-87k as a critical support level. Most traders are concerned about the market's reaction to Trump's tariff announcements, with many viewing yesterday's price action as a trap that liquidated over-leveraged positions. Trump Tariff Impact - Volatility Cluster • Markets are experiencing high volatility with BTC dropping 8-9K from recent highs, with yesterday's pump being completely erased • Traders note that vol clusters with metrics jumping from sub-40 to 70 within a week, creating difficult trading conditions for both long and short vol positions • Many believe market needs time to digest tariff news with price bottoming expected around late March or April, while some are using the selloff to accumulate spot and sell premium • Front-month term structure vols are juicy with some traders implementing calendar spreads (selling near-dated options while buying longer-dated ones) to capitalize on volatility patterns