“The Next Significant Price Level for Bitcoin is $ 110,000, WHERE Market Dynamics Could Amplify Price Movements.”, – WRITE: www.coindesk.com
The Bullish MOVE CAME as INVESTORS POURED MONEY INTO The SPOT Exchange-Traded Funds (Etfs) Amid Chaotic Price Action in Bond Markets that Suggested Heigvented Concens About Economies, Including the Us
Analysts Told Coindesk Last Week That Worsening Fiscal Debt Sitation Could Bode Well For BTC and Other Assets Such As Gold.
The Coinbase Bitcoin Premium Index, Which Measures the Percentage Differentnce Between the Price of Bitcoin on Coinbase Pro (USD Pair) and The Price on Binting (USD) Persistant Buying Pressure from the US-Based Investors.
With the Uptrend in Progress, The Next Key Level to Watch is $ 110,000. Data from Deribit’s BTC Options Market, Tracked by Amberdata, Shows Dealers or Market Makers Hold A Large Net “Negative Gamma” Exposure at the $ 110,000 Level.
Dealers Holding Negative Gamma Typical Trode/Hedge in the Direction of the Market to Mainten Their Overall Market Exposure Delta Neutral. That, in Turn, Amplifies Bearish and Bullish moves.
In Other Words, The Rally May Accelerate on A Potential Breakout Above the $ 110,000 Mark. The Options Market Has Grown Significantly Over The Past Five Years, with Dealer Hedging Adding to Volatility on Several Occasions.
BTC Dealer Gamma Exposure at Various Strikes. (Deribit/Ambrdata)
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