On the Option side, expectations before the third quarter expiry are often viewed with positive expectations. However, there have been some negative signs that we should pay attention to.
It is a $60 million maturity position that will expire in September. It is worth noting that this position is profitable if the Bitcoin price ends September below $104,000. On the contrary, if the increase passes, they must fulfill their obligation to sell $BTC for 100k, causing losses.
This raises an important question:
"Can Bitcoin price stay below $104,000 to ensure profits for position holders?"
In a volatile market, predicting Bitcoin price is difficult to predict. However, in retrospect, if the price increases below 100k, their profits will still not change. In other words, Bitcoin may reach a high price mark (80-90k+) in the near future but still meet people's expectations. them, causing no loss.
And that's new
is our focus in this article
Hopefully this article helps everyone better understand the upcoming market situation, and consider the opportunities waiting in the crypto market.
