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.

ChainCatcher news, the CME Group announced that the first Bitcoin Options on Bitcoin Friday Futures have been completed. The trade took place on Sunday, February 23, local time, executed by Cumberland DRW and Galaxy, and cleared by Marex. It is reported that this product will complement the CME Group's existing suite of physically settled options on Bitcoin, Ethereum, Micro Bitcoin, and Micro Ether futures.

ChainCatcher news, according to CoinDesk, as the price of Solana (SOL) plummeted 46% to $160 over the past five weeks, large holders on the Deribit exchange are increasing their bearish options positions. Data shows that last week, the total amount of SOL block trades reached $32.39 million, accounting for nearly 25% of the total options trading volume of $130.74 million, marking the second highest level in history."Nearly 80% of the block trade volume is concentrated in put contracts. In contrast, during the same period, the put contracts for BTC were only 40%, and for ETH, only 37.5%," said Greg Magadini, Director of Derivatives at Amberdata. "This is far higher than the put ratios for Bitcoin (40%) and Ethereum (37.5%) during the same period.According to Lin Chen, Head of Business Development for Deribit Asia, Solana will face a significant unlock on March 1, with approximately 11.2 million tokens (worth about $2.07 billion) being released, accounting for 2.29% of the total supply, mainly from the FTX bankruptcy estate and foundation. This unlock size is about 59% of SOL's average daily spot trading volume, which could trigger market volatility. Meanwhile, since the issuance of the TRUMP token on January 17, the activity on the Solana ecosystem has significantly declined, with daily trading volume on decentralized exchanges (DEX) continuing to decrease, weakening SOL's upward momentum.

ChainCatcher news, according to The Block, the SEC is seeking public comment on the approval of Grayscale and Bitwise Ethereum ETF options trading. In a filing submitted on Tuesday, the U.S. Securities and Exchange Commission (SEC) accepted the application submitted by the Chicago Board Options Exchange, which involves options trading for the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF.The SEC requires relevant comments to be submitted within 21 days after publication in the Federal Register. The agency may decide to approve, deny, or "initiate further review procedures."

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that market sentiment has diverged, with some traders expecting a breakout in the $96,000-$98,000 range, while others remain bearish and continue to sell call options. Prices are oscillating in the $95,000-$96,000 range, while the S&P 500 index hits a new all-time high. Options trading strategies:Traders are actively rolling out call option spreads and extending put option positions to collect premiums, mainly focusing on contracts expiring on February 16.Notably, despite being in a low volatility environment at 36, there is still significant trading activity selling call options in the $98,000-$99,000 strike price range, expiring on February 16.Strategies include balancing short-term premium collection with long-term positions expiring in March/April/June as protection.

ChainCatcher news, Greeks.live macro researcher Adam released a community briefing stating that the community remains cautiously optimistic about the market, but is troubled by the fluctuations in the $94,000-$98,000 range.While some traders expect the price to rise to $100,000, significant resistance levels and algorithmic trading activities have hindered a sustained price increase. Despite the current price pressure, some traders still hold $96,000 call options expiring next week.

ChainCatcher message, Greeks.live analyst Adam released the English community daily briefing. Despite the impact of Trump's tariff news, the community generally maintains a bullish attitude. Traders are actively buying on dips through call option spreads and ratio options. The key support level to focus on is between $92,000 and $95,000, with the next major target at $102,000. Some traders expect the price may first touch $97,000.Many traders are keeping their existing positions unchanged but are adding new call option spreads during pullbacks. Considering the current market environment, they tend to choose narrower strike spreads ($96,000/$100,000) rather than wider spreads.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) postponed its decision on whether to approve BlackRock's listing and trading options for its spot Ethereum ETF on Friday. According to the submitted documents, the SEC stated that it will decide whether to approve or deny the options trading for BlackRock's iShares Ethereum Trust by April 9, 2025.The SEC stated: "The Commission believes that it is necessary to designate a longer period to issue an order approving or disapproving the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues that it raises."Also on Friday, the SEC sought public comments on the proposal submitted by Cboe BZX Exchange on behalf of Fidelity to list and trade options on its spot Ethereum ETF. These comments must be submitted within 21 days after the publication in the Federal Register.

ChainCatcher news, Greeks.live analyst Adam released the English community daily briefing, stating that Bitcoin options market traders maintain a cautiously optimistic attitude, with major support levels at $95,000 to $96,000 and resistance at $100,000. Most traders are positioning for call spread strategies expiring in June.Market participants are generally selling put options below the $90,000 level while constructing a call spread with strikes of $106,000 and $120,000 expiring in April. Due to the current overestimation of put option skew, some traders are choosing to sell put options and hedge risks through perpetual contracts.

ChainCatcher news, according to a report by the Russian TASS agency, the cryptocurrency options exchange Deribit announced its exit from the Russian market due to sanctions imposed by the European Union, as stated on its official website. Deribit stated: "Due to the EU sanctions against Russia, Deribit will no longer accept Russian citizens and residents as clients, unless applicable exceptions apply. As Deribit's parent company is based in the Netherlands, these EU sanctions are binding on us."Russian citizens are prohibited from using the services of this cryptocurrency exchange unless they are also citizens of a member state of the European Economic Area (EEA) or Switzerland, or are long-term residents of an EEA member state or Switzerland. According to examples cited by the exchange, Russian citizens residing in Ireland or holding Danish nationality can use Deribit services. Russians residing in the UAE are also unable to use its services. Russian companies do not enjoy any exceptions.

ChainCatcher news, the Cboe BZX Exchange has proposed to amend Rule 19.3 to allow the exchange to launch Ethereum spot ETF options trading, which is a "competing filing" based on a similar proposal submitted by the New York Stock Exchange's U.S. division that is currently awaiting approval from the U.S. Securities and Exchange Commission.The document specifically mentions the Bitwise Ethereum ETF, Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust, and "any trust holding ETH." Cboe BZX wrote in the document: "The exchange believes that offering Ethereum fund options will benefit investors by providing them with an additional, relatively low-cost investment tool to gain exposure to spot Ethereum, as well as a hedging tool to meet their investment needs in Ethereum products and positions."

ChainCatcher news, Greeks.live macro researcher Adam released the English community daily briefing showing that Bitcoin market traders hold a cautiously bearish attitude towards the range-bound market between $95,000 and $102,000, focusing on the support level at $96,200 and the resistance level at $102,600.In terms of options trading strategies, traders tend to adopt iron condor and covered call strategies with tail protection, while also paying attention to the dynamic roll of put options. Some traders are positioning for call spreads with expiration in April and strike prices between $120,000 and $140,000, expecting that a strong spot market could yield over 100% returns.

ChainCatcher news, Greeks.live analyst Adam pointed out that after Bitcoin's price fell below $98,000, market sentiment turned bearish, with traders expecting the price to further dip to the $94,000-$96,000 range. Put options with strike prices between $96,000 and $98,000 have seen noticeably active trading, indicating that traders are actively building defensive positions.Analysis shows that several traders have closed or rolled over their bullish spread strategies above $104,000. The market generally believes that this round of decline is influenced by the sell-off in Nvidia and the US tech sector. The consensus in the Greeks.live community is that it is necessary to wait for a clear rebound signal around the $98,000 mark before it is suitable to re-establish long positions.

ChainCatcher news, according to Cointelegraph, since breaking through $90,000 for the first time on November 19, 2024, Bitcoin's price has consolidated in the range of $91,000 to $108,268. Multiple analysts believe that the current price consolidation is nearing its end.Analyst Rekt Capital pointed out that the current 4-week adjustment, with a decline of 15%, is close to its conclusion, significantly lower than the historical 30-35% retracement levels. Technically, the Bollinger Bands indicator shows that volatility is at an oversold level. Additionally, the market widely expects that after Trump takes office on January 20, he will issue an executive order favorable to cryptocurrencies, with bullish options trading on the Deribit options platform reaching as high as $12,000.Analyst Trader Tardigrade anticipates that the market may experience a strong rebound after completing the final round of corrections.

ChainCatcher news, BlackRock (BLK.N) launches a new Bitcoin ETF on the Chicago Board Options Exchange (CBOE) Canadian Exchange. (Jin Shi)

ChainCatcher news, according to Jin10, the Chicago Board Options Exchange (CBOE) announced that it will be closed on January 9th along with the New York Stock Exchange and Nasdaq markets.

ChainCatcher news, Lin Chen, the Head of Asia-Pacific Business at Deribit, stated in a post on X that the largest ETH block options trade today was: a user paid $225,000 to purchase call options with a strike price of $4,000 expiring on January 10 next year, totaling 3,730 ETH.Analysis indicates that the user is bullish; if the price at delivery is >$4,020, it will be profitable. Due to low liquidity last night because of Christmas, market volatility remains high, with the current DVOL volatility index at 73.6 and the ETH/BTC exchange rate at 0.0351.

ChainCatcher news shows that according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded this Tuesday, with a nominal trading volume of $1.86 billion, indicating extremely high market enthusiasm on its first day of listing. The options also drove a 32% month-over-month increase in IBIT trading volume. Among all traded contracts, 288,700 were call options and 65,000 were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-$60. Corresponding to Tuesday's closing price of IBIT, there is an increase of 4.4%-13.9%, and SoSoValue analysts stated, "This roughly corresponds to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office." Notably, the implied volatility for January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility exceeding historical volatility, indicating that investors prefer to hold options rather than sell them.Additionally, Grayscale's spot Bitcoin ETF GBTC and BTC options trading will also begin its debut trading this Wednesday.

ChainCatcher news, Grayscale announced that its GBTC (Grayscale Bitcoin Trust) and BTC (Bitcoin Mini Trust) options products will officially start trading tomorrow.

ChainCatcher news, according to Bloomberg, just before the fiercely competitive and hard-to-predict U.S. elections, options traders across various markets seem to be reducing risk in preparation for more volatility. Although market fluctuations are not significant, the volatility of stock options has been rising for most of October, as the market is not only anticipating the upcoming elections but also looking forward to the earnings season and the Federal Reserve's interest rate decisions. In the final days before the vote, the competition between Kamala Harris and Donald Trump is unpredictable.