According to @GreeksLive, the trading sentiment is divided as Bitcoin failed to maintain a level above $104K following disappointment over Trump's executive order. Traders are closely watching the $98K support level, contemplating whether to reduce exposure or increase positions. The market had seen aggressive long positioning at the $103K level in anticipation of the executive orders, but many traders are now unwinding positions and reducing short put exposure due to the lack of significant crypto-related announcements. Implied Volatility (IV) remains elevated above 70% on short-term options, reflecting ongoing market uncertainty.

According to GreeksLive, Bitcoin traders remain cautious following the cryptocurrency's failure to maintain a price above $104K after anticipated executive orders from Trump did not yield significant crypto-related news. The market is focusing on the $98K support level, with traders divided on reducing exposure or adding to positions. The lack of significant announcements led to unwinding of long positions and reduced short put exposure, while implied volatility on short-term options remains high at over 70%.

According to GreeksLive, the trading community is divided after Bitcoin failed to maintain a price above $104K following disappointment from Trump's executive order. Traders are closely watching the $98K level as critical support, with discussions ongoing about reducing exposure or increasing positions. Many are exercising caution regarding aggressive directional trades. The market experienced significant long positioning at $103K in anticipation of the orders, but many are now unwinding those positions as no major crypto-related announcements were made. Implied volatility remains high at over 70% on short-term options despite the lack of event impact.