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Glassnode: Options market data shows Bitcoin may extend uptrend if it breaks $75,000
Summary: According to reports, Glassnode posted on social media that there is a large concentration of negative gamma positions in the Bitcoin options market near the $75,000 strike price. Market makers appear to hold structural bullish call options at this price level. As the spot price approaches this area, hedging operations may intensify, potentially amplifying upward ...
According to reports, Glassnode posted on social media that there is a large concentration of negative gamma positions in the Bitcoin options market near the $75,000 strike price. Market makers appear to hold structural bullish call options at this price level. As the spot price approaches this area, hedging operations may intensify, potentially amplifying upward price fluctuations.
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Link: Glassnode: Options market data shows Bitcoin may extend uptrend if it breaks $75,000 [Copy]
