BlockBeats news, on February 26th, Greeks.live analyst Adam posted on social media that there is a general bearish sentiment in the current market, believing that the rebound is weak and BTC may further fall below $80000. Some even believe that it will "replicate" last year's volatile trend. Several traders have pointed out that the current market has fallen below the 'M top', indicating risks in the medium-term direction. At the same time, Bitcoin spot ETFs have also experienced record net outflows, which have intensified the bearish sentiment in the market.
In terms of option data, option traders discussed the abnormal performance of current market volatility, despite the sharp decline in market conditions, the volatility of medium and long-term options has not effectively increased. This may indicate that the market expects this to be a one-time decline rather than a trend shift. Traders observed that the gamma distribution of ETH was very firm at the $2500 price, with negative gamma dispersion indicating that the market expects less volatility in the near future.
