Covered Calls: Stabilizing Bitcoin's Range
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoins price has been fluctuating between $65,000 and $75,000 for over a month, with safe-haven buying and climbing U.S. Treasury yields influencing its movement. However, a sneaky factor trapping its price is big investors selling call options on their bitcoin holdings, a move called covered calls. This practice, aimed at collecting premiums and betting against a significant price increase, is forcing market makers to buy dips and sell rallies, thereby stabilizing the market and compressing volatility.
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