Wednesday, June 11, 2025

Bitcoin Braces for Volatility as Exchange and OTC Supply Evaporates

Bitcoin’s calm surface may be masking brewing volatility beneath, as onchain data reveals a tightening supply squeeze across both centralized exchanges and OTC desks.

Despite muted retail interest and declining trading volumes, BTC has steadily climbed, brushing against $110,000 earlier this week. However, data from CryptoQuant shows that Bitcoin balances on exchanges have dropped by 14% since the start of 2025, reaching just 2.5 million BTC — a level not seen since mid-2022. This trend suggests continued accumulation and reduced short-term sell pressure.

Meanwhile, OTC desks, often used by institutional players, are also showing signs of stress. Balances at key addresses linked to mining pools have plummeted 19% this year, falling to just 134,252 BTC. With both public and private supply drying up, Bitcoin’s liquid float is shrinking rapidly.

Compounding this setup is a rare market dynamic: negative funding rates. Between June 6–8, perpetual futures rates dipped below zero even as Bitcoin surged from $104,000 to $110,000. Analysts interpret this as a strong signal of hidden spot demand overpowering leveraged shorts — a setup that often precedes explosive rallies.

With open interest in BTC futures near all-time highs, the market is tightly coiled. Analysts warn that any major liquidation event could act as a catalyst for a sharp upward move, given the lack of available supply.

As the market awaits fresh macro triggers, the stage appears set for heightened volatility, and possibly, a new leg up in Bitcoin’s price.


Got a scary email

could someone please tell me if these email is real or not? The only thing that worries me is that it has been sent from my own email and that is the scary part

Hello! Unfortunately, I have bad news for you. About a few months ago I managed to access all the devices I use to navigate online, and since then I have been observing all its network activities. This is how the events have happened: some time ago, I bought some special access to several email accounts (today this can be done easily through the Internet). As is evident, that also allowed me to be able to access your email account without problems (My email adress). A week later, I proceeded to install a Trojan virus in the operating systems of all the devices used to access your email. The truth is that it was quite easy for me because it opened some emails from the emails of its inbox. Genius is in simplicity. Thanks to this software, I can access all the controllers of their devices (such as the video camera, the microphone, the keyboard, etc.). I can easily download all your data, photos, navigation history, etc. on my servers. I can access all your social media accounts, Messengers and email, as well as the history of chats and contact lists. My virus constantly updates its signatures (since it is controlled by a controller), and as a result it goes unnoticed by the antivirus. So at this point you will understand why you have never detected me until I receive this email ... Thanks to the information that I have collected about you, I have discovered that you love adult websites and that you visit them frequently. It is clear that he enjoys browsing porn pages and watching very exciting videos that produce unimaginable satisfaction. Honestly, I have not been able to resist recording some of his perverted solo sessions and I have collected them in several videos, in which he appears masturbating and running in the end. In case I still doubt my word, you must know that just some mouse clicks I could distribute all those videos to your classmates, friends and even family. In addition, I can upload them to the Internet so that anyone can access them. I am sure that the last thing you want is that something like this happens, taking into account the perverted things that appear in the videos that it usually see (surely it already understands me), since it would be a complete disaster for you. However, we can solve it as follows: it will make me a transfer of $ 750 (the equivalent in Bitcoins according to the exchange rate at the time of transfer), and when I receive the transfer, I will immediately remove all those lascivious videos without hesitation. And then we can pretend that any of this has ever happened. In addition, I guarantee that I will deactivate and eliminate all the harmful software of all its devices. Don't worry, I'm a man of word. It is actually a good treatment and for very little money, especially considering all the time I have been watching its profile and traffic. If you still do not know the purchase and transfer process of Bitcoins, you can find all the necessary information on the Internet. My bitcoin purse is as follows: 1P1ANUQTCU2RTGTE56GBJSIEH5DPDFGKDR has 48 hours, and the countdown begins just after opening this email (2 days to be exact). Do not forget to take into account and refrain from doing the following:> Do not try to respond to my email (this email has been generated in your entry tray together with the answer address). > Do not try to call the police or other security services. Moreover, don't even think about telling her friends. If I discover it (given my skills, it would be very easy, since I control and vigly all your systems constantly), I will immediately publish the video in which it is making cochinadas. > Don't try to locate me, it would be completely useless. Cryptocurrency transactions are always anonymous. > Do not try to reinstall the operating system of your devices or get rid of them. It would not make sense, put all their private videos are already saved on remote servers. Things that may worry:> That I do not receive the money that has transferred me. Quiet, I will be able to track the transfer as soon as it does, since it incessantly monitors all its activities (my Trojan virus can remotely control all processes, just like TeamViewer). > Keep distributing your videos after sending me the money. Believe me, I am not interested in continuing to cause you to discuss the money. Also, if that were my intention, I would have done it a long time! We will solve this fairly! One last advice on my part ... hereinafter, make sure you are not wrapped again in this type of incidents! I recommend that you change all your passwords as often as possible.


Anyone selling 10 delta covered calls

Anyone selling 10 delta CC? Here’s a strategy from Hermes Lux

Owning $mstr is the equivalent of having a job and selling covered calls is your paycheck. You don't need to worry about the price of the stock because as long as you own the shares you have your job and as long as you keep selling covered calls you will keep receiving a paycheck.

If you ever want a pay raise then just buy another 100 shares, or a multiple of 100 shares, to sell more covered calls.

Sell the 10-15 Delta 30 days out to keep your job.

Selling 10 delta covered calls (30-40DTE) only takes about 10 minutes per week.

Example: Week 1: Sell 1x 10 delta covered call on 100 shares you already own (ref. image). Week 2: Roll the short call you sold in week 1 out 1 more week. Week 3: Roll the short call from week 2 out 1 week. Week 4: Follow the pattern above.

Each week, roll out for a credit; if you can roll up and out to a new 10 delta for a credit, do that. This will ensure you achieve better performance than MSTR ~95% of the time. The ~5% time you don't your portfolio will be up massively.

The MSTR 10-Delta Covered Call Strategy

Below are the core tenants of this strategy to get you started. There are some variations that can be done to fit any customization you would like. Think of this as your main dish of steak and potatoes. Some people like more salt and pepper or other seasoning; some people maybe less. Some people might like their steak medium rare; some might like theirs well done. Some people may like barbecue sauce or ketchup or even mayonnaise on their fries. Some people might like them plain or just salt and pepper. In any case, you are eating steak and potatoes and below is that strategy.

➡️ Buy 100 MSTR shares, or a multiple of 100 shares.

➡️ Sell 1 call option for every 100 shares with a Delta of ~10; set expiration 30-40 DTE.

➡️ If stock price drops or stays below short strike by expiration, hold shares and option; let the option expire worthless to keep the premium, then sell another 10-Delta call after expiration. Alternatively, you may choose to roll the call In the week of expiration to a new 10 Delta call, 30-40 DTE.

➡️ If stock price exceeds short strike and you want to keep shares, roll the call up and out. This means you buy back the current call and sell a new 10-Delta call with a higher strike and later expiration. If there is not a 10 Delta that is at or above your break-even price for your shares then sell the first strike available above your break even cost, 30-40 DTE.

In the unlikely event* (<5% of the time) where your shares get called away, you could easily, in a single "Buy-Write" transaction, buy back the shares ATM whilst selling a higher delta covered call to account for your "lost" appreciation. If your concern is taxes, the solution is to pay taxes with covered calls.

Parabolic moves won't last, and when you renter the position selling a higher delta (20-40 delta), 30-40 more days out, the stock will correct and your large negative short position from the new covered call will expire worthless.

*unlikely events can be further reduced in frequency by rolling ATM/ITM.

And from Adam Livingston

🚨How to Print Your Own Stimulus Check with MSTR Covered Calls (30-Day Theta Wizard Edition)🚨

Let me explain how you can legally commit economic terrorism against fiat holders and mint income like you’re running a private hedge fund in your mom’s basement.

All you need is:

A stack of MSTR

A brokerage account

The ability to click buttons without having a stroke

And a deep-rooted hatred for the dollar

Here’s the play:

You own MSTR? Congrats. You’re now a Time Monetization Field Agent.

You’re holding equity in the only publicly traded Bitcoin monastery that issues no dividend but is somehow the most powerful yield engine Wall Street has ever accidentally created.

And the secret sauce?

Covered calls.

Specifically, selling calls at the .10–.15 delta range - aka the “let the degenerates overpay for hopium” range.

Step-by-Step Breakdown:

  1. You Own the Shares. You Are the House Now.

You have 100 shares of MSTR? Great. You’re not “investing.”

You’re underwriting financial delusions.

Every week, people buy options hoping MSTR goes vertical. You?

You sell that hope. You sell it like it’s powdered sugar to a bakery in Argentina. Premium. Up front. No refunds.

  1. You Sell Calls 1–2 Weeks Out at .10–.15 Delta

That means these suckers are unlikely to hit. The math says it. The options chain screams it.

But the market is full of Reddit traders, dopamine addicts, and Larry Fink interns who just discovered Bitcoin last Tuesday. Let them gamble. You harvest.

  1. You Collect Premium Like a God-Tier Rentier Aristocrat

These options might bring in ~$340 per contract, depending on IV. You’re literally selling paper promises backed by your hard asset position.

You’ve become a fiat landlord - but for volatility.

  1. You Repeat. Every. Week.

You are now the casino.

You are the fiat-churning middleman of dreams. And the best part? If you get assigned?

You sell covered puts on the cash and get paid to buy your shares back at a discount.

Then you run it back.

You are the income loop. You are the game.

Have 500 shares? 5 contracts ~ $1700.

Wait for the contracts to decay in value by 80%, buy them back, then re-roll for more premium.

Volatility is the product @Saylor is selling.

Better take advantage!