Binance: Rolls Out BTC Yield Covered Call Product

Binance rolled out BTC Yield, letting holders subscribe BTC to receive BTCY tokens and earn competitive APY via a platform-managed covered call strategy without trading options themselves, while a 100000 USDC Discount Buy prize pool marks the launch.

Traders eyeing BTC price prediction amid neutral momentum note price at 63097.87 sits inside Bollinger bands with upper resistance at 63915.64 and lower support at 62250.39; with RSI at 54.51 and MACD showing a death cross, a healthy retracement toward the EMA50 support at 62153.68 appears probable before any continuation higher.