Glassnode: Option Market Data Suggests Bitcoin Could Extend Gains Above $75,000
BlockBeats News, March 16th, Glassnode posted on social media, stating that there is currently a large amount of negative gamma exposure concentrated around the $75,000 strike price in the Bitcoin options market. Market makers at this price level appear to hold a significant amount of structured call option shorts. As the spot price approaches this area, hedging activities may intensify, potentially amplifying upward price swings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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