Matrixport: Bitcoin's narrow volatility drives put option strategy, with volatility expected to continue declining
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Matrixport pointed out in its latest report: "Although Bitcoin naturally has volatility, the 30 day rolling return rate shows that its price has remained within a+20% floating range over the past 18 months. We expect volatility to further decrease, so we recommend adopting a put option strategy in early 2023, including selling virtual put and call options, to gain additional returns. Even though this strategy may incur losses, it still performs well overall as volatility declines. With the launch of Bitcoin ETF related options, more institutional participants are expected to enter the market, further compressing volatility. Therefore, selling volatility is still a feasible strategy for Bitcoin holders to gain additional returns