Greeks.live: The market is fragile and may need to flush out leverage; better trading opportunities may come in the first half of 2027.

Bitcoin fell to $75,000, a level that Greeks.live macro researcher Adam (@BTC__options) said leaves the market highly fragile as multiple bearish factors stack up and a round of leverage flush-out may be needed. He argued that cycle theory points to 2026 as the bull-to-bear transition year, that the current price has not yet marked this cycle's low, and that better trading opportunities may not arrive until the first half of 2027. The recent decline has sharply pushed up implied volatility (IV), signaling heightened fear of further downside. He also warned that a crash in AI stocks would trigger a violent shakeout across all speculative markets. Traders will be watching whether leveraged positions are cleared and whether IV keeps climbing as signals of a durable bottom.