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Sell Covered Call, there are 4 possibilities by September 25:
1. BTC drops, losing money but earning 47.71 BTC, a small joy
2. BTC stays flat, earning 47.71 BTC, a medium joy
3. BTC rises slightly, making money and also earning 47.71 BTC, a big joy
4. BTC rises sharply, making money and also earning 47.71 BTC, but missing out on gains above 70,000, a medium joy
This is a joyful strategy, Sell Covered Call, an options covered call strategy.
Sold 2,709 BTC call options, betting that $BTC won't break 70k USD before 09.25 🤨
A trader has cumulatively sold BTC call options worth 173 million USD, believing that BTC won't experience a surge over 9.5% within 52 days. If BTC doesn't break through by expiration, this 3.03 million USD premium can be pocketed safely.
Looks like there's no expectation for a short-term surge haha

Returning to the crypto native family, take a look at $HYPE. Once bearish on HYPE above $70, it has now retraced more than 30% from its peak, with the price hitting the POC vacuum zone, which is the point around 51.5 mentioned by the version god Killa.
If BTC chooses to move upward in August, now is a good opportunity to go long on HYPE.



