Matrixport: Bitcoin's narrow range of fluctuations drives the selling option strategy, and volatility is expected to continue to decline

Matrixport published a chart saying: Although Bitcoin is naturally volatile, the 30-day rolling return rate shows that its price has basically remained within a floating range of ±20% in the past 18 months. We expect volatility to decrease further, so we recommend a selling option strategy in early 2023, including selling out-of-the-money put and call options, to obtain additional income. Even though this strategy may incur losses, it still performs well overall as volatility declines overall. With the launch of Bitcoin ETF-related options, more institutional participants are expected to enter the market, further compressing volatility. Therefore, selling volatility is still a viable strategy for Bitcoin holders to obtain additional income.