Samneet Chepal is a Quantitative Analyst at LedgerPrime. Samneet has a keen interest in cryptocurrency derivative markets, venture investing, and quantitative research on new innovations in this space.
If BTC rapidly jumps to all-time highs within the next few days, it’s expected market makers will aggressively hedge their out-of-the-money short call option exposures, which would likely increase overall market volatility and momentum in the underlying price.
As long as these options remain open in the market, the next couple of days could be volatile for bitcoin.