Analyst: Bitcoin faces greater downside risk, and selling call options currently offers a better risk-reward ratio.
According to ChainCatcher, Greeks.live macro researcher Adam stated that Bitcoin has reclaimed the $60,000 mark. Currently, GEX is concentrated at the $60,000 level, with both bullish and bearish positions piling up at this key price point as the price repeatedly fluctuates around it. However, bearish positions are mainly distributed in the $55,000 to $60,000 range, and below $55,000 there is a liquidity vacuum—if this level is breached, there is significant downside room. Above $60,000 is where the price has fluctuated repeatedly in recent months, with more evenly distributed positions. Overall, the downside risk is greater, and with macro uncertainties compounded by capital outflows from the United States, there is a lack of support for the crypto market. At present, selling call options offers better risk-reward.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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