BTC/USD : Bitcoin for option writer

Below the 27,000 USD level, the Bitcoin market tends to experience heightened bid support. This implies that there are a substantial number of market participants willing to place buy orders at or above this price level. Such bids create a strong support zone, reducing the likelihood of a rapid decline in Bitcoin's value below this threshold.

Lower Downside Risk:

By writing options below 27k, option sellers can take advantage of the observed bid support, effectively reducing their exposure to significant downside risk. The presence of substantial bids provides a cushion, making it less probable for the Bitcoin price to breach the 27,000 USD level in the short term.