Before I took a nap, the price of Bitcoin was still around $67,000. I was still wondering if the options would not incur losses on Monday, but after waking up I found that bitcoin:native was only $65,000. The good news is that there will be hardly any losses on Monday, but the bad news is that while the premiums made money, the losses from the BTC drop have increased.

In fact, I have been thinking about buying insurance for my positions since the bottoming out this time, but each time I felt that the price had gone up reasonably, and I wondered if it was too early to buy insurance. As a result, I incurred losses several times because of this. So starting from this time, after buying spot, I will add insurance for declines.

This overall drop in Bitcoin is probably related to the high capital expenditure of tech stocks and AI. After all, BTC and tech stocks still have a strong correlation; when tech stocks pull back, cryptocurrencies like BTC don't perform well either.

The reactions to interest rate hikes and the hikes themselves will gradually emerge. The biggest favorable news I can think of is a ceasefire between the U.S. and Iran. After a ceasefire, oil prices can drop, inflation can decrease, and although the Federal Reserve may not announce rate cuts, it won't continue to raise rates either. Capital expenditure is somewhat high, but with no rate increases, it can still inflate bubbles.

The current question is how much further it can drop. I have been using this chart for about half a year; let’s see if it can still be used now.

An @Gate, trading more markets

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