The crypto community is expressing a strong bearish sentiment, with traders concerned about Bitcoin's current valuation and buying interest. The key resistance level is identified at $111,000, with expectations that Bitcoin will struggle to surpass this mark. Traders are focusing on bearish options strategies, including buying put options in anticipation of a potential downturn mid-week, despite current low volatility. Additionally, call options are being sold at the $111,000 level, with a firm belief that this is the peak and prices will not rise further. Volatility remains stable with a slight bearish bias, providing an opportunity for strategic positioning ahead of expected price movements.