Gate News reports that on March 16, blockchain data analysis company Glassnode posted on social media that there is a large concentration of negative gamma positions around the $75,000 strike price in the Bitcoin options market. Data shows that market makers generally hold structured bullish options shorts at this level. Glassnode states that when Bitcoin’s spot price approaches this area, the hedging activities of market makers may intensify, thereby amplifying upward price volatility.
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