Recent months have shown a consistent #trend of put selling below spot and call buying above, with upside demand intensifying in recent days. This setup leaves dealers short gamma on the upside and long gamma on the downside, effectively forcing them to hedge by buying into both rallies and dips. Such flows act as a stabilizing force around key strike zones, fueling potential upside extensions while cushioning declines, and keeping price action pinned within critical ranges. #crypto
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Recent months have shown a consistent #trend of put selling below spot and call buying above, with upside demand intensifying in recent days. This setup leaves dealers short gamma on the upside and long gamma on the downside, effectively forcing them to hedge by buying into both rallies and dips. Such flows act as a stabilizing force around key strike zones, fueling potential upside extensions while cushioning declines, and keeping price action pinned within critical ranges. #crypto