Share a strategy I used in the last round of bottom-fishing for BTC and ETH. For example, if my psychological price is 65000 and I want to build a long position in BTC, I would sell a BTC 65000 put option and then place a limit order at the current price of 65000 for BTC.
If it drops to 65000, I successfully bottom-fish + earn the premium from selling the put option. If it does not drop to 65000, I only earn the premium from selling the option.
The image below is just a random example; I sold a put option expiring on February 27, 2026, with a strike price of 65000 for 1000u.
This option trade means: I sold someone the right to sell me BTC worth 1000u at a price of 65000 on February 27.
You can see my margin balance immediately increased to 1150u, where 1000u is my principal and 150u is my profit from this trade.
If on February 27, BTC drops below 65000, I successfully bottom-fish BTC at 65000 with 1150u. If it does not drop below 65000, I fail to bottom-fish but gain a profit of 150u (less than 1 month with a 15% return).
You can keep this option open until you successfully bottom-fish, so at the end of a bear market, you not only bought at the bottom but also let those betting on short-term fluctuations pay for your bottom-fishing principal, making your actual cost much lower than those who directly bottom-fished.
(Remember to research thoroughly before using a new trading tool; for example, BN's options are European-style, cash-settled, and you must place a spot buy order at 65000 to execute this trade as a cash-secured put.)
Article from: @Michael_Liu93 (search on X account)
$BTC
