Analysts: Market is heavily betting on Bitcoin to break through $75,000; a short-term shift in market sentiment is imminent.

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ODAILY
03-16
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According to a report by Odaily Odaily, Adam, a macro researcher at Greeks.live, stated on the X platform that quarterly options expiring at the end of the month now account for over 40% of open interest, and call options at $75,000 account for over 5% of single contracts—an unprecedented concentration. Everyone is betting on $75,000, and this Gamma wall and Gamma concentration indicate a consensus in market opinion. Currently, Bitcoin is priced at $73,500, very close to $75,000, coinciding with the upper edge of a nearly two-month consolidation pattern. This week could be crucial for Bitcoin to break through $75,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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