The crypto market is experiencing a bearish sentiment as traders face losses despite strategic planning. A key focus is the unexpected low volatility levels during significant price movements. Call options above $120,000 have been identified as failed positions, while discussions are ongoing about selling put options at $114,000 as a potential strategy. Despite an increase in the DVOL index, weekend volatility remains below expectations, complicating options positioning. The market's volatility disconnect is causing frustration among traders, who are considering selling $114,000 put options despite the market's turbulence.