Alexander S. Blume, co-founder and CEO of Two Prime, an SEC-Registered Investment Advisor, pointed to one especially popular version of that trade, called call overwriting. Investors sell call options on bitcoin they already own, giving up some of the upside in exchange for steady income… Read More
A golden cross has triggered on bitcoin’s daily price chart, indicating a potential long-term bullish trend ahead.
Volume, meanwhile, is dead simple as it measures the number of contracts that changed hands during a given period. Think of it as measuring how many times the front door of that exclusive club opened and closed over a given period, regardless of who stayed.… Read More
“When volatility is cheap, traders can build directional positions and hedges at relatively low cost. If the market then moves through a level with concentrated positioning, dealer hedging can accelerate the move,” Adam Haeems, head of asset management at Tesseract Group, which manages $500 million… Read More
Strategy (MSTR), the world’s largest corporate bitcoin BTC$65,008.69 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings. The quarterly loss was driven almost entirely by an $8.32 billion… Read More
Michael Saylor, executive chairman and co-founder of Strategy, has come out swinging against a new proposal to clean up Bitcoin’s ‘spam,’ arguing that it could fundamentally alter how the world’s largest blockchain operates. The Bitcoin Improvement Proposal (BIP) 110, aimed at temporarily restricting arbitrary data… Read More
