PANews reported on February 26 that Greeks.live macro researcher Adam published a Chinese community briefing on the X platform, saying that the market is generally bearish and believes that the rebound is weak. BTC may fall further to below $80,000. Some even believe that it will follow last year's volatile trend. Many traders pointed out that the current price has fallen below the M top, and there are risks in the medium-term direction. At the same time, the record net outflow of Bitcoin ETF has also exacerbated the bearish sentiment. Option traders discussed the abnormal performance of the current market volatility. Despite the plunge, the volatility of medium- and long-term options has not been effectively improved. This may indicate that the market expects this to be a one-time decline rather than a trend change.