{"id":703512,"date":"2025-12-14T02:16:24","date_gmt":"2025-12-13T23:16:24","guid":{"rendered":""},"modified":"2025-12-14T02:16:24","modified_gmt":"2025-12-13T23:16:24","slug":"btc-ogs-selling-covered-calls-is-the-main-culprit-suppressing-price-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-ogs-selling-covered-calls-is-the-main-culprit-suppressing-price-analyst\/","title":{"rendered":"BTC OGs selling covered calls is the main culprit suppressing price: Analyst"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\">\n                        <img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YjE5YjYtMzQ2MS03MGQ2LWFlMmItZmVjZTE0NDJmZTlmLmpwZw==.jpg\" class=\"type:primaryImage\">\n                    <\/p>\n<p>Despite traditional ETF investors willing to pay premiums to go long, Bitcoin natives selling covered calls have put a damper on a price rally.<\/p>\n<p><p>Long-term Bitcoin (BTC) whales selling covered calls, a strategy of selling call options that give the buyer the right but not an obligation to purchase an asset in the future at a predetermined price in exchange for the seller collecting a premium, is suppressing spot BTC prices, according to market analyst Jeff Park.<\/p>\n<p data-ct-non-breakable=\"undefined\">Large, long-term BTC holders, also known as \u201cwhales\u201d or \u201cOGs,\u201d introduce a disproportionate amount of sell-side pressure through this covered call strategy, partly because market makers are on the other side, buying the covered calls, Park <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dgt10011.substack.com\/p\/the-one-chart-that-explains-why-bitcoin?r=4e7rq6&amp;utm_campaign=post&amp;utm_medium=web&amp;triedRedirect=true\" rel=\"noopener nofollow\" target=\"_blank\">said<\/a>.<\/p>\n<p>This means that the market makers must hedge their exposure to buy the calls by selling spot BTC, forcing market prices down, despite strong demand from traditional exchange-traded fund (ETF) investors. <\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-ogs-covered-calls-suppressing-price?utm_source=rss_feed&#038;utm_medium=feed&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite traditional ETF investors willing to pay premiums to go long, Bitcoin natives selling covered calls have put a damper on a price rally. Long-term Bitcoin (BTC) whales selling covered calls, a strategy of selling call options that give the buyer the right but not an obligation to purchase an asset in the future at&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-703512","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/703512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=703512"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/703512\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=703512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=703512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=703512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}