According to Daniel Oon (@EauDoon), the crypto market is entering a PVE phase, with notable trading activity shifting toward specific niches. Options trading, particularly zero-day-to-expiry (0DTE) strategies, is gaining momentum over perpetual futures, especially along low time frame tenure curves. Additionally, altcoins with market capitalizations under $100 million are seeing increased volume and volatility, presenting short-term trading opportunities. Traders should monitor these trends for potential alpha generation, as rising interest in 0DTE options and low-cap tokens may impact liquidity and price movements across the broader crypto market (source: Daniel Oon, Twitter, May 11, 2025).