JEFF PARK SAYS LARGE HOLDERS ARE SELLING CALL OPTIONS TO KEEP BITCOIN PRICES IN CHECK



🔸 Jeff Park (Procap's CIO) says that based on data, some large Bitcoin holders are selling call options to earn regular premiums instead of waiting for a strong price increase.

🔸 Selling many call options creates a "price ceiling" because they would incur losses if Bitcoin surpasses that level.

🔸 When BTC price approaches this ceiling, they sell spot BTC, pushing the price down to hedge against risks.

🔸 Selling pressure appears every time the price rises, making it difficult for Bitcoin to break out in the short term.
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BTC-3.52%
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