On February 23, Adam, an analyst at Greeks.live, posted on social media that the overall market sentiment remains cautiously bullish, closely watching the key resistance level of $99,000. Although some community members expect prices to rise in March, considering recent hacking incidents and a low volatility environment, they are currently focusing on how to protect against downside risks.
Option skewness has normalized after recent events; yesterday's put option trading volume decreased by 50%, options with peer strike price have been significantly repriced, increasing by 40-80% compared to the previous day. Traders are discussing hedging strategies for March and suggest risk protection while maintaining a bullish exposure.