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. #GateNovTransparencyReportReleased
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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.
#GateNovTransparencyReportReleased