Bitcoin To Stay Range-Bound, But Options Trading Can Yield A Profit: 10x Research
Bitcoin (CRYPTO: BTC) is expected to remain within a broad trading range of $73,000 to $94,000, making the strategy of selling calls and puts to capture premium particularly effective, according to a recent report by 10x Research analysts.
What Happened: The analysis, which examines market dynamics amid ongoing trade war uncertainties, highlights a lack of clear momentum drivers and shifting investor behaviors in the cryptocurrency space.
The 10x report notes that Bitcoin ETF inflows have been tepid, totaling just $225 million year-to-date as of April, with the potential to turn negative due to market uncertainty stemming from President Donald Trump’s tariff policies.
This marks the third consecutive month of outflows for Bitcoin ETFs, a trend initially driven by arbitrage-focused hedge funds rather than genuine demand.
Despite this, a new cohort of buyers, wallets holding between 100 and 1,000 BTC, emerged following Elon Musk‘s endorsement of Trump in August 2024, increasing their holdings by …
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