TechFlow news — On March 2, Greeks.Live macro researcher Adam posted an English community bulletin on X stating that after Bitcoin's sharp drop from $85,000–96,000 to $78,000 in a short period, members of the Greeks.live community generally hold a bearish outlook. Most traders are watching whether the $82,000 support level on the weekly chart holds, with many believing Bitcoin could fall further toward $72,000.
The report described recent price volatility as "crazy" and "violent," causing some traders to lose a significant portion of their portfolios, with a few reporting losses as high as 70%. In response to the market pullback, traders are considering rolling over positions and selling call options to recover, while maintaining slightly positive delta exposure to hedge against potential upside moves.
The community consensus is that consolidation and base-building over the coming week would be a positive signal, potentially paving the way for a mean reversion back to the $86,000–89,000 range if momentum returns.
