Matrixport: Stablecoin minting momentum weakens, long investors may consider selling call options to hedge risks
Odaily News Matrixport released todays chart saying that Bitcoin has returned to its highs, but the momentum of stablecoin minting continues to decline. The lack of new liquidity injected into the market may be one of the key reasons why Bitcoin has failed to achieve an effective breakthrough.
Judging from the on-chain data, the amount of new capital inflows into the market is still limited. Considering that summer is a period of light trading, new macro catalysts are still needed to break the current pattern.
In this context, we believe that long investors can consider hedging potential risks by selling call options. Although there is still room for prices to rise slowly, the probability of a rapid rise in the short term is low.
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