Greeks.live: Market Sentiment Cautiously Bullish, Bitcoin Faces Low Volatility Environment

BlockBeats News, February 23rd, Greek.live analyst Adam posted on social media, stating that the overall market sentiment remains cautiously bullish, with close attention to the key resistance level at $99,000. While some community members expect a price increase in March, given the recent hack incident and low volatility environment, the current focus is on how to protect against downside risks.

Option skewness has normalized following recent events, with a 50% decrease in put options trading volume yesterday, and significant repricing of at-the-money options, showing a price increase of 40-80% compared to the previous day. Traders are discussing hedging strategies for March, suggesting risk protection while maintaining a bullish exposure.