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
86,293.1
-2.80%
JUV
JUV
0.714
-7.63%
XRP
XRPUSDT
1.9058
-4.23%

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.