Glassnode: Option Market Data Suggests Bitcoin Could Extend Gains Above $75,000

BlockBeats News, March 16th, Glassnode posted on social media, stating that there is currently a large amount of negative gamma exposure concentrated around the $75,000 strike price in the Bitcoin options market. Market makers at this price level appear to hold a significant amount of structured call option shorts. As the spot price approaches this area, hedging activities may intensify, potentially amplifying upward price swings.