Daily Briefing of the Chinese Community

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Release Date: 2025-07-30

Overall market sentiment
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Groups are cautious about the short-term trend of Bitcoin, believing that the chance of breaking through $120,000 this Friday is slim, while a reverse breakout at $115,000 is more likely. Traders generally find it difficult to push higher and suggest that the strategy of selling put options is stronger than buying call options, while also observing that the continuous negative premium of the US spot ETF indicates cautious capital inflow.

Hot Topics
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• Volatility continues to compress to extremely low levels, with the DVOL indicator hitting new lows again. The market's chips have been heavily absorbed by whales, resulting in a scarcity of selling pressure.
• Multiple traders adopted the doomsday double sell grid strategy, selling put options at the $115,000 position to collect premiums.
• The SEC has approved ETF support for physical subscription and redemption, a model that Hong Kong has long supported, providing new compliant liquidity channels for whales and avoiding OTC risks.