According to Greeks.Live, traders in the community have notably shifted from a previously bullish stance to adopting downside protection strategies by purchasing put spreads and protective puts. This move comes as bearish sentiment grows ahead of the pivotal CPI week, which is seen as a key invalidation point for the $120k BTC target. The group is closely monitoring $90000 as a possible support retest, while disagreement remains on whether BTC will reach $120k before a major correction. Elevated volatility is creating opportunities for hedging, with expectations of significant price swings due to potential news catalysts (source: Greeks.Live Daily Digest, 2025-06-11).