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REDDIT
Bitcoin isn't boring by accident, there's a mechanical reason for the range
ok so the "bitcoin is boring" narrative is missing the actual story. institutions have been systematically selling covered calls on their spot BTC all of Q1 to harvest yield in a sideways market. that offloads gamma to market makers who are now FORCED to buy dips and sell rallies to stay delta neutral. it's not organic consolidation, it's engineered suppression. BVIV down 5% this month while bond and equity vol indexes are spiking. the moment those yield strategies stop paying or macro shifts hard, the hedging unwinds and BTC can move violently in either direction. are you positioned for when the box breaks or just watching the range?