Bitcoin

<ul><li>Bitcoin surges, but short gamma positions held by options market makers are sparking intense discussions among experts.</li><li>As Bitcoin soars past $28.5K, market makers grapple with $20M worth of delta for every 1% increase.</li><li>Dealers&#39; long gamma stance between $26,750-$28,250 provides a safety net for Bitcoin, potentially softening any short-term drops.</li></ul><a href="https://cryptotale.org/?s&#61;Bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> is once again commanding attention with its remarkable surge in value. However, a nuanced development within the cryptocurrency market, first reported on the X platform by Alex Thorn, Head of Firmwide Research, has piqued the interest of seasoned analysts. This development revolves around the increasingly prevalent short gamma position held by options market makers as Bitcoin&#39;s spot price experiences an upward trajectory.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8ed6774b52404e0c8f6e8f9e15affb27.png" />According to Thorn, the intricate world of options trading unveils an exciting narrative as market makers grapple with their short <a href="https://cryptotale.org/next-market-bull-run-seems-decisive-for-btc-says-crypto-analyst/" rel="noopener noreferrer nofollow">gamma positions</a> amid Bitcoin&#39;s price volatility. When these market participants find themselves short gamma and Bitcoin&#39;s spot price begins its ascent, they face a dilemma. To maintain delta neutrality, they must initiate buy-backs of spot Bitcoin.Read full article at <a href="https://cryptotale.org/analyst-explores-btcs-value-surge-and-the-short-gamma-conundrum/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Analyst Explores BTC's Value Surge and the Short Gamma Conundrum

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