THE Iron Condor strategy traditionally used in options trading,is gaining traction in the cryptocurrency market due to its effectiveness in managing volatility. This strategy involves selling a call and a put at one strike price while buying another call and put at a further strike price, forming a range within which the trader expects the underlying asset to remain.

In the context of cryptocurrencies like Bitcoin, the Iron Condor is particularly useful because of its ability to profit from a market that is expected to stay within a certain range, despite its notorious volatility. By carefully selecting the strike prices and expiration dates, traders can potentially minimize risks while securing steady gains. The strategy’s flexibility is enhanced in the crypto market due to the availability of daily expiries, allowing for more frequent adjustments based on the market's rapid changes