CoinWorld News reports that 10x research says the options negative-gamma mechanism that has been pushing Bitcoin below $70,000 is reversing and may turn into a force that supports a rally. After BTC fell below $70,000, market makers were forced to sell, driving Bitcoin to a low of $65,705. Current largest negative-gamma positions in the options market are concentrated near the spot price, with a size of about $1.8 billion. Driven by factors including improving market sentiment, Iran-related agreements that reduce inflation-risk premium, and market expectations that Federal Reserve Chair Kevin Wirth will take a more dovish stance, the options structure could shift to become a force pushing a rebound.

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GateUser-fbbc916d
· 2h ago
If Wosh really turns into a dove, and the options structure works in tandem with the rebound, the 70k is estimated to be recovered quickly.
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GlassDomeObservatory
· 2h ago
1.8 billion negative gamma near spot, the long-short battle at this level is too intense
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RiskOffRina
· 2h ago
The Iran agreement reduces inflation risk, and the macro environment is also cooperating; this rebound has a chance.
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TokenomicsTailor
· 2h ago
Market makers used to dump the market happily before, now it's time to buy back, right?
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