Greeks.live macro researcher Adam released a Chinese community briefing, in which he pointed out that the community is cautious about bitcoin volatility, and there is a lot of discussion about whether it will hit a new low. Members mainly focus on reasonably building a hedge structure and choosing a cost-effective option strategy, rather than simply predicting the direction of market ups and downs. In terms of option trading strategies, the community believes that it is important to choose an option strategy that can sell both the price and the IV. Most traders prefer to reduce costs and focus on the direction of cash flow, and receive goods at discounted prices through covered/anti-covered strategies, rather than focusing on volatility trading.