Bitcoins Price Struggles: The Impact of Whales Selling Covered CallsThe podcast delves into the reasons behind Bitcoins price fluctuations, despite growing interest from new investors. Long-term Bitcoin holders, or whales, are selling covered calls, a strategy that involves selling the right to buy their Bitcoin at a set price in the future. This practice, according to market analyst Jeff Park, is putting downward pressure on Bitcoins spot price. Market makers, who are on the other side of these trades, often sell actual Bitcoin to protect themselves, pushing the price down. The Bitcoin used for these covered calls is not new money entering the market, but rather long-term holdings. This options trading is currently heavily influencing Bitcoins price, which may remain volatile as long as whales continue to make short-term profits. The podcast also explores potential future scenarios, with some experts predicting a rally if the Federal Reserve cuts interest rates, while others suggest a potential drop in price, indicating that the current bull run might be over.

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