Crypto Traders Show Mixed Sentiment Amid Market Volatility
Crypto market sentiment remains mixed as traders debate whether the market has peaked or if further gains are ahead. Some anticipate Bitcoin reaching $150,000 in Q4, though a pullback is expected before September. Key price levels include SOL at $175, ETH at $10,000, and BTC at $145,000, with traders divided on maintaining aggressive positions or hedging current exposures.
Options strategies are focusing on risk reversal positions, with traders selling 30-day put options and buying 30-day call options, while adding small put positions for black swan protection. Despite recent increases, ETH volatility remains high at 70%, creating opportunities for basis trading and volatility squeeze strategies. Positions expiring Thursday are being actively managed, with expectations of market disruption from Friday expirations.
