According to analysts, major early Bitcoin holders (Bitcoin OGs) are selling covered call options, and this indirectly causes a slowdown in the rise of Bitcoin's price ($BTC ), despite the strong demand coming from ETF funds.

BTC
BTCUSDT
89,412.4
-0.92%
JUV
JUV
0.806
+4.13%
XRP
XRPUSDT
1.997
-1.31%

What is a Covered Call?

It is an investment strategy where the investor simply has actual Bitcoin and sells a call option that gives another person the right to buy this Bitcoin at a specified price and future time, in return for receiving a fixed premium as additional income.