“From just the $80k strike for example, we can see an estimated just under 20BTC needs to be sold for every $100 move higher in BTC”
It’s written that 20 BTC needs to be sold, but isn’t it the other way around (meaning that if the price goes up, market makers need to buy Bitcoin to hedge their positions)?
“From just the $80k strike for example, we can see an estimated just under 20BTC needs to be sold for every $100 move higher in BTC”
It’s written that 20 BTC needs to be sold, but isn’t it the other way around (meaning that if the price goes up, market makers need to buy Bitcoin to hedge their positions)?