http://Greeks.Live Community Daily Digest #daily ===== Published: 2025-10-16 Overall Market Sentiment ===== The group is cautiously bearish with expectations of further downside, though some members see potential bounce opportunities near lower support levels. Key levels being watched include 93.5k as a potential bottom, 100k as upside target if reversal occurs, and ETH 4050 as critical short put level that's currently at risk. Market Impact of Political Uncertainty and Selini Capital Crisis ===== • Traders expressed frustration over market-moving Trump administration statements on tariffs and oil sanctions, with concerns that political noise continues to nuke the market and create unpredictable volatility • Selini Capital reportedly lost 50M through basis trade unwinding, with traders noting IBIT selling at discount and the fund needing to "unfuck themselves" before any meaningful reversal catalyst emerges • Despite short-term bearish pressure, some traders positioned for bounce with selling puts strategies near perceived bottom, though Asian session opening was expected to bring additional selling pressure with "Asians hate this PA"(Greeks.live)