Bitcoin Price Under Pressure as Whales Utilize Covered Calls
Long-term Bitcoin holders ("whales") are employing a covered call options strategy, creating sell-side pressure that is currently suppressing BTC's price despite strong demand from spot ETF investors. This derivatives market activity is contributing to choppy price action.
The sale of call options allows whales to collect premiums, but necessitates hedging by market makers who sell spot Bitcoin, thereby pushing the price down. This cycle suggests the options market is dictating Bitcoin's trajectory in the short term.
Additionally, Bitcoin has decoupled from stock market performance, and future price movements may heavily depend on U.S. Federal Reserve monetary policy. Analysts remain divided on Bitcoin's outlook, with predictions ranging from further declines to potential rallies driven by macroeconomic factors.


Cryptovka
Bitcoin Price Held Down by Whales Selling Covered Call Options
The price of Bitcoin is facing significant downward pressure, largely due to a specific options trading strategy employed by long-term holders, oft...


















