Grayscale Pitches 22% Bitcoin Yield as On-Chain Signals Hint at Bear Market Floor
Grayscale pushes covered calls for Bitcoin holders, touting a 22% annualized yield in range-bound markets. This comes as Glassnode flags early signs of a bear market bottom, with key holder cohorts realizing losses. Traders are now eyeing $69,000 as the decisive pivot for Bitcoin's next move.
Grayscale pitches a 22% annualized yield opportunity for Bitcoin holders. Their covered call strategy targets range-bound markets, offering significant income potential.
This involves holding spot Bitcoin and selling call options, collecting premiums. It caps upside during sharp rallies but provides a downside cushion, ideal for sideways price action.
Concurrently, Glassnode data reveals early signals of a bear market floor. The 1-2 year holder cohort, who bought near the cycle peak, is now realizing losses, a historical precursor to market bottoms.
The 30-day moving average of realized losses for these holders spiked then reversed, often marking the end of heavy distribution. $69,000 stands as the decisive battleground.
Reclaiming $69K could fuel a recovery, while rejection extends the current grind. This convergence of yield strategies and bottoming signals offers a clear playbook for long-term holders navigating uncertainty.