Greeks.Live: The crypto community generally holds a bearish sentiment, with geopolitical tensions adding uncertainty to the market.

BlockBeats reported on June 18 that Greeks.Live posted on social media indicating that the current crypto community is showing predominantly bearish sentiment. Traders are maintaining short positions and closely watching the key support levels at $104,000 and $100,000. Losing the $104,000 support could trigger a significant drop in altcoins, raising major concerns, while the geopolitical tensions around Iran further add to market uncertainty.

In the current environment, long gamma positions are struggling. Despite expectations of 1-2 standard deviation moves, the volatility curve has remained static. At the moment, only directional trades are generating profits, while volatility strategies have been largely ineffective due to minimal price movement. During this period of "sharp oscillations," traders are being forced to rapidly switch trading directions as traditional gamma strategies underperform.