# Byworth Ties a Potential Bitcoin Advance to Seller Exhaustion

By Sonny Jang

Canonical URL: https://www.tokenpost.com/news/people/34893
Published: 2026-10-19T16:39:35.000Z
Updated: 2026-10-19T16:39:35.000Z
Section: People

> Byworth warned that covered calls could cost holders a significant share of their Bitcoin during a rally. He described Bitcoin-backed basis trades as a lower-volatility, market-neutral way to seek dollar returns.

Richard Byworth connected seller exhaustion to his view that Bitcoin (BTC) could rise again, while warning that covered-call strategies may cost holders a significant portion of their holdings during a rally.

In a discussion published Oct. 19, Byworth argued that another upward move was a matter of time. His comments also addressed ways to seek yield while holding Bitcoin.

Byworth described basis trades backed by Bitcoin as a way to pursue dollar returns with low volatility and less dependence on the asset’s price direction.