http://Greeks.Live Community Daily Digest Published: 2025-05-28 Overall Market Sentiment The group is predominantly bearish with most traders expecting a significant drop, particularly ahead of the upcoming Bitcoin conference on May 27-29. Key disagreement exists between bears expecting an imminent dump and one bull who targets SPX 6650 by July end and Bitcoin potentially reaching 120k before retracing to 102k. Bitcoin Correction Strategy - Loading Put Options ===== • Most active traders are heavily positioned in put spreads despite continued upward price momentum • Traders plan to increase put positions ahead of the Bitcoin conference as they expect volatility to be repriced into the event • One trader specifically targeting 106P for next week as a "2 sigma event" play • Group consensus is that if buying pressure pauses "for one minute," Bitcoin will "domp like a rock" • Algos reported as "slightly short" suggesting algorithmic traders may also be positioned for downside