📰 DMK AI Summary
Long-term Bitcoin whales, known as BTC OGs, are selling covered calls, suppressing spot BTC prices. These whales are putting downward pressure on prices by selling call options and forcing market makers to hedge their exposure by selling spot BTC. The analysis suggests that Bitcoin’s price is currently influenced by the options market, leading to choppy price action.
💬 DMK Insight
The practice of BTC OGs selling covered calls adds selling pressure to the market, impacting price movements despite strong demand from traditional ETF investors. As long as whales continue to profit from their Bitcoin holdings through options trading, Bitcoin’s price may continue to face volatility. Traders and investors should monitor how this dynamic evolves and consider its implications for their strategies in the crypto market.
📊 Market Content
The decoupling of Bitcoin from stocks in the latter half of 2025 highlights its unique price behavior and potential for independent price movements. Analysts are divided on Bitcoin’s future price trajectory, with some expecting a price rally fueled by a rate-cutting cycle and liquidity injections by the US Federal Reserve. Traders should pay attention to upcoming events, such as the FOMC meeting in January, for clues on Bitcoin’s price direction amidst market uncertainties.





