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Bitcoin (BTCUSD) Faces Downward Pressure from Whales’ Covered Call Selling Ahead of Potential Fed Rate Cuts

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin price is pressured downward by whales selling covered calls, causing hedging sell-offs despite ETF demand.
  • Analysts predict choppy action until Fed rate cuts potentially boost BTC, but some warn of a price drop, reflecting mixed outlooks for Bitcoin’s near-term trend.
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BTCUSD price history

77960.46 +16.37% over the displayed period

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