The crypto market is experiencing mixed sentiment as traders adopt varied positions. Some are going long on cryptocurrencies, while others remain short, anticipating larger market movements. Criticism has been directed at Saylor's average buy price of $88.6k, seen as a potential market top indicator. Discussions also focus on the impact of Trump's silver-related tweets and China's impending export ban.
In options trading, traders are actively employing options selling strategies, collecting premiums by selling both call and put options. They continue to implement Delta hedging to manage risk, swiftly adjusting positions while maintaining a positive but reduced Delta exposure. Portfolios include slightly out-of-the-money put options expiring on December 31 as protective hedges, with overnight adjustments set to manage portfolio risk.
Crypto Traders Show Mixed Sentiment Amid Market Volatility
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