According to online reports, Greeks.live analyst Adam posted on social media,"After the price of Bitcoin dropped sharply to US$98,000, group members generally remained bearish in the short term, and most traders expected the price to fall further to the US$9.4 - 96,000 range. As for this trend, it is generally believed that it is related to macro factors, and the overall sell-off of Nvidia and U.S. technology stocks is regarded as triggering factors. Put options with strike prices of US$96,000-US$98,000 are actively trading, and traders gradually establish defensive positions; after failed breakthrough attempts, multiple members liquidate or roll over call spread strategies of more than US$104,000; the general consensus of the group is to wait until the price has a clear confirmation of a rebound around US$98,000 before establishing important long exposures."