Traders are displaying mixed sentiment in the crypto market, with positions on both sides of the spectrum. Some are selling call options at a strike price of 110, while others are buying put options at 109. Skepticism surrounds the current market optimism, with traders criticizing the overly optimistic Q4 expectations and describing recent price movements as "foolish." As the weekend approaches, significant volatility compression has been observed, making large price swings unlikely. Traders are actively managing their options positions, including selling ETH call options and BTC put options, with plans to take profits before holding positions overnight. Despite a bullish target for Bitcoin to reach 112 by the weekend, the bearish sentiment is evident as traders sell call options and buy put options near current levels.