
Greeks.live|May 22, 2025 15:04
http://Greeks.Live Community Daily Digest
Published: 2025-05-22
Overall Market Sentiment
The group is predominantly bullish with expectations of continued upward momentum despite some cautioning about an upcoming 15-20% correction. Key levels being watched include $110k as immediate support, $120k as a near-term target, and $150k-200k as longer-term targets, with negative funding rates suggesting many are still shorting despite the rally.
Short-Term Correction Expected Before Higher Prices
• Many traders are buying protective puts while remaining bullish overall, anticipating a potential pullback to 100-103k range before continuing higher
• The market shows signs of disbelief with many still shorting (evidenced by **negative funding rates**) which could fuel further upward movement through short squeezes
• Ethereum's underperformance relative to Bitcoin is notable, with ETH failing to follow BTC's new all-time high despite expectations for ETH to reach 3,000 by June
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