ChainCatcher message, Greeks.live macro researcher Adam posted on X: "Due to the sharp decline in U.S. stocks such as Nvidia and Tesla, the cryptocurrency market has also undergone significant adjustments, with Bitcoin falling below $100,000 again, and altcoins experiencing even steeper declines, leading to a pessimistic market sentiment.

In terms of options data, short-term implied volatility has slightly rebounded but remains at a low level, with market pricing for future volatility unchanged. The options skew and futures premiums have also not shown significant changes. The mainstream view regarding this pullback is that it is influenced by the strength of the U.S. dollar and the decline in U.S. stocks, and the trend for Bitcoin has not changed; the bull market is still on.

If one chooses to bottom hunt now, the short-term call option at $100,000 is very cost-effective, especially for Bitcoin's call options for the current week."