According to Greeks.live, Bitcoin traders are divided after the cryptocurrency failed to maintain its position above $104K following disappointment from Trump's executive order. Traders are closely watching the $98K support level while considering whether to reduce exposure or add to positions, expressing caution against aggressive directional bets. Notably, the market experienced aggressive long positioning at the $103K level in anticipation of executive orders, leading to many traders unwinding positions and reducing short put exposure due to the absence of significant crypto-related announcements. Despite this, implied volatility remains elevated above 70% on short-term options.

According to Greeks.live, Bitcoin traders are divided after the cryptocurrency failed to maintain above $104K, influenced by disappointment from Trump's executive order. Key support is seen at $98K, with traders debating whether to reduce exposure or increase positions. The market saw aggressive long positioning at $103K, but many are now unwinding positions as no significant crypto-related announcements occurred. Implied volatility remains elevated above 70% on short-term options despite the event.

According to GreeksLive, Bitcoin traders are divided following the cryptocurrency's failure to maintain levels above $104K due to disappointment from Trump's executive order. Traders are closely watching the $98K support level, deciding whether to reduce exposure or increase positions, with a general sentiment of caution towards aggressive directional bets. The market previously saw aggressive long positioning at the $103K level in anticipation of the executive orders, but many are now unwinding positions and reducing short put exposure after the lack of significant crypto-related announcements. Implied volatility remains elevated above 70% on short-term options.