The miners have faced a brutal crypto winter as their revenue is directly correlated to the price of bitcoin. At the depth of the bear market, many large miners, such as Core Scientific (CORZ), went bankrupt, and others barely hung on. However, the recent rally in bitcoin price, helped by the spot bitcoin ETF, has helped the mining economics and even seen companies, such as Core, coming out of bankruptcy.
Bitcoin (BTC) ‘Call Writing’ Back in Vogue as Cash And Carry Strategy Loses Shine
"One popular strategy among traders is to sell out-of-the-money call options at higher strike prices, like the $80,000 mark set...