Byworth Ties a Potential Bitcoin Advance to Seller Exhaustion
Photo: TokenPost
Richard Byworth connected seller exhaustion to his view that Bitcoin (BTC) could rise again, while warning that covered-call strategies may cost holders a significant portion of their holdings during a rally. In a discussion published Oct. 19, Byworth argued that another upward move was a matter of time. His comments also addressed ways to seek yield while holding Bitcoin. Byworth described basis trades backed by Bitcoin as a way to pursue dollar returns with low volatility and less dependence on the asset’s price direction. Sonny Jang reports on people and leadership in digital assets for TokenPost.
Source: TokenPost
