Bitcoin Traders Eye Long Term BTC Accumulation by Selling Put Options

Quick Summary:

There is a notable increase in cash-secured put selling using stablecoins, Deribit's Lin Chen told CoinDesk.

They are implementing this strategy in a cash-secured manner by holding a corresponding amount in stablecoins, ensuring they can buy BTC if the market declines and the put buyer decides to exercise his right to sell BTC at the predetermined higher price.

"There is a notable increase in cash-secured put selling using stablecoins—another sign of a more mature, long-term approach to BTC accumulation and a continued expression of bullish sentiment," Deribit's Asia Business Development Head Lin Chen told CoinDesk.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCuba

Topics: News Bitcoin Options Bitcoin Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 08:03:52 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28186472

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