Bitcoin Is Down as Whales Suppress Rally by Harvesting Yield via Options

Bitcoin’s stalled rally isn’t a demand problem; it’s a structural supply problem. According to Jeff Park, Head of Alpha Strategies at Bitwise, early-vintage Bitcoin holders (OGs) are actively suppressing BTC price action by selling massive amounts of call options against their long-term inventory. Park noted that this structure has existed for years, even before the […] Read The Full Article Bitcoin Is Down as Whales Suppress Rally by Harvesting Yield via Options On Coin Edition.