Viewpoint: Bears expect ETH to fall below $4,000 and BTC to retest the bottom

Jinse Finance reported that Adam, a macro researcher at Greeks.live, released a brief for the Chinese community, pointing out that there is a clear divergence within the group regarding the market direction. The bearish camp expects ETH to possibly fall below $4,000 and BTC to retest its previous lows, while the optimistic camp still hopes this is the last dip before the bull market takes off. Traders are generally focused on the rise in options IV and the liquidation of open interest, with a noticeable reduction in market trading volume.