TechFlow, April 22 — Adam, macro researcher at Greeks.live, released today's English community report stating, "The group appears cautiously bullish, with some traders believing that if Bitcoin breaks above $90,000, the next targets would be $93,000/$100,000. Others remain concerned about market weakness, watching for a possible retest of the $84,000 low or the $74,000 level before any significant upward move.
• Traders are buying put options in the market while selling call options to hedge their put positions and manage exposure;
• Group members note that despite price volatility, volatility itself has not increased, making it challenging to hold put option positions;
• Some traders are approaching delta neutrality and looking for opportunities to exit positions as the market fluctuates between key levels;
• A few members have begun repurchasing Bitcoin in the spot market despite previously holding bearish views."
