Greeks.live: Overall market sentiment is bearish, and Bitcoin may drop below $80,000

ChainCatcher news, Greeks.live macro researcher Adam posted a Chinese community briefing on the X platform, stating that the market is generally bearish, believing that the rebound is weak, and BTC may further decline to below $80,000. Some opinions suggest it may follow last year's volatile trend. Several traders pointed out that it has currently fallen below the M top, indicating risks in the mid-term direction, while the record net outflow of Bitcoin ETFs has also intensified bearish sentiment.

Options traders discussed the current market volatility performance, noting that despite the sharp decline, the volatility of medium to long-term options has not effectively increased. This may indicate that the market expects this to be a one-time drop rather than a trend reversal.

The discussion about DVOL (Volatility Index) is very lively, with professionals pointing out that insufficient liquidity is the main issue. There are suggestions to launch a perpetual DVOL to increase liquidity, but it also faces technical challenges in index design and risk management.