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487d 13h ago

Maximize Your Profits: How Bitcoin’s Decreasing Volatility Enhances Option Selling Strategies

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

According to a recent update from COINOTAG on October 9, Matrixport has introduced a compelling daily chart strategy. This analysis highlights that precisely one year ago, it was forecasted that Bitcoin’s volatility would persist within a range of +/-20% across any 30-day rolling cycle. This forecast underscores a lower probability for drastic price fluctuations, offering compelling opportunities for option sellers to capitalize on enhanced premiums, subsequently bolstering their overall Bitcoin yield. The strategy experienced only minimal and temporary setbacks during brief intervals at the end of Q3 2023 and early Q1 2024. Moreover, with the forthcoming launch of the Bitcoin spot ETF, analysts anticipate a further reduction in volatility. This trend positions option selling as an increasingly effective profit-oriented strategy in the upcoming months, presenting a valuable avenue for traders looking to maximize their returns.

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