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.