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 @AltcoinGordon, Coinbase is acquiring the crypto options platform Deribit in a $2.9 billion deal. This acquisition represents a significant move by Coinbase to expand its presence in the derivatives market, which is increasingly important for institutional and retail traders seeking advanced crypto trading strategies. The deal is expected to boost liquidity and trading volume on Coinbase, making it a more competitive player against platforms like Binance and Bybit, and could drive further institutional adoption of crypto derivatives. (Source: @AltcoinGordon, May 8, 2025)