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Traders Make Money Selling 'Strangles' as Bitcoin Goes Quiet

A strangle is essentially a bet that bitcoin’s price won’t break out anytime soon.

Updated Sep 14, 2021, 1:23 p.m. Published Jul 9, 2021, 6:41 p.m.
Bitcoin options traders are betting the market waters will stay calm.
Bitcoin options traders are betting the market waters will stay calm.