Mars Finance reported on March 16th that Glassnode posted on social media that there are currently a large number of negative gamma positions concentrated around the $75,000 strike price in the Bitcoin options market. Market makers appear to be holding a wide range of structured short call options at this price level. Hedging activity may intensify as spot prices approach this area, potentially amplifying upward price volatility.
Glassnode: Options market data suggests that if Bitcoin breaks through $75,000, its gains could extend further.
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