Bitcoin Rally Stalls as OG Holders Sell Call Options, Capping Price Action

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Bitcoin price today remains capped as OG holders sell call options, dampening upward momentum. Jeff Park of Bitwise Alpha notes this strategy has cut implied volatility to 44%, trapping BTC in a mean reversion pattern. Despite ETF inflows, demand can’t offset the supply pressure from native options. Park says the covered call approach forces hedging, lowering volatility and Bitcoin price prediction optimism.
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