RWA 10x Research reports that Bitcoin miners have suffered losses exceeding $10 billion, yet the market has not priced in the implied free call option. This suggests a potential upside for Bitcoin if miners’ financial stress eases.
10x Research reports that Bitcoin miners have suffered losses exceeding $10 billion, yet the market has not priced in the implied free call option. This suggests a potential upside for Bitcoin if miners’ financial stress eases.