Why $BTC keeps wicking so hard: options dealers may be making it worse.
Per Greeks.Live (via CoinDesk, Saturday snapshot), BTC sat in deep NEGATIVE gamma from roughly 58K to 72K. In plain words: dealers have to sell as price falls and buy as it rises, so moves get amplified instead of cushioned.
Add ~$1.9B liquidated in 24h and a Glassnode long-liquidation cluster around 59.5K-62.6K, and you get fragile order books and fast wicks.
The flip level is about 73K, where dealers start dampening volatility again. Until then, expect exaggerated moves both ways. Analysis only, not financial advice.
Are you trading this chop with tighter stops, smaller size, or just sitting out until 73K? 👇
#BTC #Bitcoin #Options $ETH
Per Greeks.Live (via CoinDesk, Saturday snapshot), BTC sat in deep NEGATIVE gamma from roughly 58K to 72K. In plain words: dealers have to sell as price falls and buy as it rises, so moves get amplified instead of cushioned.
Add ~$1.9B liquidated in 24h and a Glassnode long-liquidation cluster around 59.5K-62.6K, and you get fragile order books and fast wicks.
The flip level is about 73K, where dealers start dampening volatility again. Until then, expect exaggerated moves both ways. Analysis only, not financial advice.
Are you trading this chop with tighter stops, smaller size, or just sitting out until 73K? 👇
#BTC #Bitcoin #Options $ETH
