From TokenPost · · 40s
Byworth Links Bitcoin Rally to Seller Exhaustion
Bitcoin could rise again as seller exhaustion hits, warns Byworth.
In brief
Bitcoin could rise again as seller exhaustion hits, warns Byworth. Richard Byworth says Bitcoin may rise due to seller exhaustion but covered-call strategies risk significant losses during rallies. Originally reported by TokenPost.
Richard Byworth
Richard Byworth connected seller exhaustion to Bitcoin's potential rise while warning covered-call strategies may cost holders significant holdings during a rally.
Byworth's View
Byworth argued another upward move for Bitcoin was a matter of time and described basis trades as a way to pursue dollar returns with low volatility.
Basis Trades
Basis trades backed by Bitcoin offer dollar returns with low volatility and less dependence on price direction.
The main idea
Richard Byworth says Bitcoin may rise due to seller exhaustion but covered-call strategies risk significant losses during rallies.
