) bulls, but they are not alone. The United States Federal Reserve’s tightening economic policy has led investors to seek protection in cash positions and inflation-protected bonds.
The increasing costs of a home mortgage added fear that a housing crisis might be underway. Since the Fed started raising interest rates in March, borrowing costs have gone up and up, and mortgage rates have reached multi-decade highs. A put option gives the buyer a right to sell BTC at a fixed price at 8:00 am UTC on Nov. 4. However, if the market trades above that price, there is no value in holding that derivative contract, so its value goes to zero.
For now, Bitcoin bears need to catch short-term negative headwinds triggered by tighter macroeconomic conditions to secure a win.
Bulls may win this week, but will not violate
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