Analyst: Bitcoin has greater downside risk; selling call options is currently more cost-effective

Odaily Odaily reports that Adam, a macro researcher at Greeks.live, stated that Bitcoin has regained the $60,000 integer level. Currently, GEX is concentrated at the $60,000 level. As prices repeatedly fluctuate around this key point, both call and put positions have accumulated at this level.

However, put positions are currently distributed in the $55,000 to $60,000 range. Below $55,000 is a volume vacuum zone, meaning there is significant room for a decline if this level is broken. Above $60,000, on the other hand, is a level where prices have fluctuated repeatedly in recent months, with a more even distribution of positions. Overall, the downside risk is greater. Macro uncertainty, coupled with capital outflows from the United States, makes it difficult to support the cryptocurrency market. Currently, selling call options offers a higher cost-effectiveness.