📊 EXECUTIVE SUMMARY BTC consolidates near $84.8k as DVOL compresses to 34.73% following an $87k liquidity sweep. Institutional order-flow reveals dense positive dealer gamma pinning spot between active strike walls. BTC consolidates near $84.8k as DVOL compresses to 34.73% following an $87k liquidity sweep. Institutional order-flow reveals dense positive dealer gamma pinning spot between active strike walls. #Bitcoin #Crypto #Binance
While narrative-driven retail commentary focuses on lagging indicators, institutional positioning is dictated by derivatives microstructure. This quantitative research brief examines Dealer Gamma Exposure (GEX), the volatility surface, and the physical mechanics of strike pinning.
HOW OPTIONS GAMMA PINNING WORKS Options market makers continuously hedge their books to remain d