Bitwise Alpha's Head of Strategy, Jeff Park, stated that it's hard for Bitcoin to rise in the near term. The main reason is that OG holders are continuously selling options, suppressing both the price and implied volatility. While ETFs are buying spot and demanding call options, the strength is still insufficient to offset the selling pressure in the native market. As a result, the market remains in a structure of 'high supply, low volatility,' making Bitcoin more like a range-bound trading asset. Unless the native options selling pressure decreases or the demand for ETF call options significantly increases, this trend is unlikely to change. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53521