According to Greeks.Live, traders in the options community remain predominantly bearish on Bitcoin (BTC), with many maintaining short positions as of June 4, 2025. The report indicates that overall volatility is low, hovering around 35 vol, despite several weeks of sideways price action (source: Greeks.Live, 2025-06-04). Some traders are capitalizing on these conditions by selling call options, specifically targeting the 109 strike for June 6th expiry, to generate premium income in a stagnant market. While a minority of the group sees potential strength in Ethereum (ETH), the prevailing sentiment is that any upward movement is likely a temporary 'fake bull' rally that will fade. Frustration about the prolonged low volatility is notable, as traders express concerns about the lack of sizable price action. Low volatility environments can reduce trading opportunities and may impact liquidity and implied volatility pricing in both BTC and ETH markets (source: Greeks.Live, 2025-06-04).

According to @CryptoCred on Twitter, historical data demonstrates that when Ethereum (ETH) exhibits significant strength, altcoins tend to follow with increased momentum and trading volume. The current correlation between ETH price surges and altcoin rallies is supported by on-chain analytics from Glassnode, showing synchronized upward trends in both ETH and major altcoins during recent bullish cycles. For traders, monitoring ETH price action can provide an early indicator for potential altcoin market moves, aiding in portfolio rebalancing and strategic entry timing (source: @CryptoCred, Glassnode, 2024-06-10).