The Cook Capital Market View Currently, BTC IV for all months is relatively low, with the 9/12 options showing a higher IV. This may be due to major events (expectations of interest rate cuts and the upcoming release of the 9/11 CPI data). The IV may rise further tomorrow, so shorting the 9/12 options is not recommended.

**https://t.co/cq5kcvX7Nc English Community Daily Brief** ===== Published: 2025-09-09 **Overall Market Sentiment** ===== The community displayed mixed sentiment. On the one hand, there was optimism that Solana could reach a new all-time high before October, primarily driven by news of significant institutional investment. However, there was also a significant bearish sentiment, with some suggesting a "top has been seen" and advising caution at current market levels. **Solana Asset Allocation Strategy - Institutional Bullish** ===== • Forward Industries announced a large-scale $1.65 billion private placement, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, for its Solana asset allocation strategy. • The investment represents approximately 1.5% of Solana's total market capitalization, demonstrating significant institutional commitment. • Market participants anticipate that this institutional support could propel Solana back to a new all-time high before October.

https://t.co/cq5kcvX7Nc Chinese Community Daily Briefing ===== Published: 2025-09-05 Overall Market Sentiment ===== Market sentiment is divided among traders, with bearish sentiment predominating. Focus on the BTC MA120 technical level and the large net outflow from US ETFs. Most traders anticipate a short-term decline, but remain cautious about September's market, awaiting guidance from the non-farm payroll data and the September 17th interest rate cut. Hot Topics ===== • The WLFI freeze incident has sparked heated discussion. Justin Sun is suspected of using user funds to sell tokens, and the Trump family has directly frozen their holdings, which is seen as a serious blow to the credibility of Web3. • Altcoin funds are clearly flowing back into Bitcoin for safe-haven trading. Traders believe this is a precursor to a major decline. Focus on BTC dominance trends for market analysis. • Options strategies are actively adjusted, with some traders buying puts to short, while others are increasing their positions on September 19th calls, believing the probability of a crash before the 17th is low.

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**https://t.co/cq5kcvX7Nc English Community Daily Brief** ===== Published: 2025-09-05 **Overall Market Sentiment** ===== The community is deeply divided on market direction, with traders experiencing significant volatility around option expiration, focusing on the key 111-113 range. Amidst current market uncertainty, expectations are growing that the September 17th FOMC meeting will be a key entry point. **Bullish Breakout - Target Forecasted at 118K** ===== • Traders confidently predict a 118K target tonight, citing a breakout of the bearish structure. • This represents a significant upside target from current levels, suggesting expectations of strong bullish momentum. • This prediction comes amid discussions that whales may need to purchase spot to hedge their positions, creating additional upward pressure.

[September 5th Options Delivery Data] 30,000 BTC options expired with a Put-Call Ratio of 1.41, a maximum pain point of $112,000, and a notional value of $3.4 billion. 300,000 ETH options expired with a Put-Call Ratio of 0.77, a maximum pain point of $4,400, and a notional value of $1.29 billion. Bitcoin prices have been correcting for nearly a month, and Ethereum prices have been correcting for two weeks. Both BTC and ETH have fallen more than 10% from their all-time highs, and market sentiment has begun to shift from optimism to pessimism. Weakness in US stocks and the WLFI has exacerbated market skepticism. Put option block trading volume and trading share are both increasing, with risk aversion being the primary objective. Key options data shows a significant rebound in implied volatility. BTC's IV across all maturities has rebounded to around 40%, while ETH's IV for key maturities is slightly below 70%, with IV fluctuations entering a stalemate. At the same time, this month is the delivery month for the third quarter. In the past, the market in September was generally relatively weak. Due to many reasons such as the extension and settlement of various institutions, the market as a whole would be relatively weak. Overall, the options market lacked confidence in the market in September.

https://t.co/cq5kcvX7Nc English Community Daily Briefing ===== Published: 2025-09-04 Overall Market Sentiment ===== Community sentiment is mixed, with some traders selling call options around current levels to take profits, but cautious optimism remains. Focus remains on BTC, with traders closely watching for a potential rally back towards the 120 level, while IBIT +10 basis points suggests potential strength, posing a challenge to short positions. Options Market Structure Shows Bearish Positioning Despite Price Strength ===== • Despite recent positive price performance, BTC skew remains broadly bearish, indicating that institutional positioning remains bullish. • Volatility has sold off, creating an interesting divergence between option pricing and spot market momentum. • Professional traders are selling call options on any upward push, while noting a disconnect between bearish derivatives positioning and positive equity flows.

Despite a significant rebound in BTC over the past two days, the options market has shown a muted reaction, with short- and medium-term implied volatility generally hovering around 35% or lower. ETH's rebound has been even weaker, with implied volatility hovering around 65%. This rebound is primarily due to President Trump's public appearance, dispelling recent doubts about his health. The bulk market has seen relatively active trading in both call and put options, primarily focusing on quarterly options for the current month. The options market currently underprices future volatility. Despite the upcoming release of several important economic data, the options market suggests minimal market volatility, and September is likely to be a quiet month.

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https://t.co/cq5kcvX7Nc Chinese Community Daily Briefing ===== Published: 2025-09-02 Overall Market Sentiment ===== The group is relatively disappointed with Ethereum's performance, believing that Ethereum has weakened significantly relative to Bitcoin, with 107 becoming a key technical level. Traders are generally bullish on Bitcoin and are tired of the ETH/BTC seesaw effect. The market is showing a divergent pattern, with Bitcoin rising alone and mainstream cryptocurrencies falling. Hot Topics ===== • The recommended trading strategy is to long BTC + gold + small-cap altcoins, and short ETH + SOL. We believe this combination is a safe bet in the short term. • Technical analysis focuses on a breakout and reversal pattern at 107. A break and then a reversal would signal a strong buy, representing a safe position. • The market observed a whale buying of 260,000 ETH, but the "Duck Army" on the 3rd is still controlling the market before delivery, with a fierce battle between bulls and bears at 4400.