English Community Daily Briefing
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Release Date: 2025-08-01
Overall Market Sentiment
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The group shows a complex bearish sentiment, although some still maintain a bullish belief in the overall trend. Key observation points include resistance at 115, put option strike prices at 113 and 110, and an extreme downside target of 97.
Volatility Trading Under Pressure - Options Strategies Tested
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• Selling put option positions is under significant pressure, with a trader rolling over the 113 put option to a 110 strike price after the 115 resistance was breached.
• ETH volatility trading is at an extreme 80% ATM level, creating a significant price gap compared to BTC's 35% weekend volatility, providing potential arbitrage opportunities.
• Options expiration dynamics show that the 120 call option needs a 7k increase to remain viable, while butterfly spreads and iron butterfly strategies are severely impacted outside their price range.
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