TechFlow news, on March 3, according to analysis by Greeks.live, after Bitcoin's dramatic V-shaped rebound from a low of $78,000 to nearly $95,000, traders are closely watching price action in the $90,000–$94,000 range. Market sentiment has shifted completely from extremely bearish to bullish following Trump's announcement of a potential "crypto strategic reserve" (which may include BTC, XRP, SOL, and ADA).
Greeks.live Community Report notes that the weekend's rapid 15%+ surge was triggered by Trump’s statement about including cryptocurrencies in a strategic reserve. Some traders suspect this could involve "pure criminality" and potential insider trading, with evidence showing significant positions were established several hours before the news broke.
Most traders were positioned incorrectly after options expiry on February 27, having reduced delta exposure or sold call options amid what appeared to be a downward trend. Key upcoming catalysts expected by the market include the White House Crypto Summit on March 7, as well as potential state-level Bitcoin reserve announcements from Utah and Arizona.
