The Bitcoin Bear Market Isn’t Done, but the Yield Opportunity Is Just Beginning
Actionable Market Insights
Why this report matters
Our short strangle recommended on November 24, has performed well, falling in value from $2,279 to just $550 as the probability of Bitcoin breaking out of its range has diminished, particularly now that the FOMC meeting has passed and the quieter holiday period begins, with already-muted retail activity helping to suppress implied volatility.
On November 2, we also recommended selling the $390 Coinbase call when the stock traded at $344, based on our fair-value estimate of $318. As trading volumes continued to deteriorate, Coinbase fell to $275, driving the value of those calls from 4.9% to nearly zero. Both strategies illustrate how investors can generate yield and returns even in bear-market conditions, though successful execution requires timely positioning.
Bitcoin - still struggling with resistance, a break is coming either way
