$BTC : The Bullish Case for $90K
My options model shows an interesting setup.
BTC: $82,268
$80,000: Major put concentration
$80,481: Gamma flip
$85,000: First major upside call cluster
$90,000: Largest nearby call-gamma concentration
$95,000: Next major call cluster
Estimated dealer gamma: −$104M per 1% move.
Here's why that matters.
If dealers are short calls, rising BTC prices force them to buy more BTC exposure to hedge.
Higher prices → More hedging purchases → Potentially higher prices.
That creates the potential for a self-reinforcing rally.
$90K is only 9.4% away.
Options don't have to start a rally to accelerate one.
My options model shows an interesting setup.
BTC: $82,268
$80,000: Major put concentration
$80,481: Gamma flip
$85,000: First major upside call cluster
$90,000: Largest nearby call-gamma concentration
$95,000: Next major call cluster
Estimated dealer gamma: −$104M per 1% move.
Here's why that matters.
If dealers are short calls, rising BTC prices force them to buy more BTC exposure to hedge.
Higher prices → More hedging purchases → Potentially higher prices.
That creates the potential for a self-reinforcing rally.
$90K is only 9.4% away.
Options don't have to start a rally to accelerate one.