Coinworld News: On March 16, Glassnode posted on social media stating that there is currently a large concentration of negative gamma positions near the $75,000 strike price in the Bitcoin options market. Market makers appear to be broadly holding structural call option shorts at this price level. When the spot price approaches this area, hedging operations could intensify, potentially amplifying upward price movements.

BTC3.34%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes