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Bitwise Advisor: Market fluctuation characteristics show that traders expect a rapid rebound, and volatility may continue to remain high.

On November 23, Bitwise advisor Jeff Park posted on social media, stating that a noteworthy phenomenon during the recent dumping is that the market's fluctuation characteristics are increasingly closer to “strike price stickiness” rather than “Delta stickiness”. (This indicates that the recent dumping is not driven by the mechanical dynamic hedging of market makers, but rather by market participants' concentrated views and behaviors towards specific price points (strike prices).) This is in stark contrast to the market performance during “liberation day”. This characteristic signals two possible outcomes: firstly, traders believe that the market may experience a rapid rebound; secondly, volatility will continue to remain at a high level.

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