#Daily @Greeks.Live English Community Daily Briefing ===== Published: 2025-10-03 Overall Market Sentiment ===== The market shows mixed sentiment, with bearish options traders squeezed by a sharp rally that exceeded market expectations. Key watch levels include $115,000 as potential support and $127,000-$180,000 as bullish targets, but traders are divided on whether this rally will be sustainable or quickly reverse. Volatility Trading Disaster - Options Sellers Take a Hit ===== • ETH and altcoin short and call positions suffered losses amidst an unexpected 3 standard deviation move, despite the market pricing in only 40% volatility. • More options sellers shifted to buying puts and selling calls. • Market structure suggests the long-short ratio fell from below 2 to below 1 in just one week, while open interest remains elevated, potentially setting the stage for a short squeeze.