Coin界 News reports that on March 16, Glassnode posted on social media stating that there is currently a large concentration of negative gamma positions in the Bitcoin options market near the $75,000 strike price. Market makers appear to universally hold structural short call option positions at this price level. When spot prices approach this area, hedging operations may intensify, potentially amplifying upside price volatility.
Coin界 News reports that on March 16, Glassnode posted on social media stating that there is currently a large concentration of negative gamma positions in the Bitcoin options market near the $75,000 strike price. Market makers appear to universally hold structural short call option positions at this price level. When spot prices approach this area, hedging operations may intensify, potentially amplifying upside price volatility.