ChainCatcher News, Matrixport released a chart indicating that Bitcoin has experienced little significant movement this week, which in itself suggests that the current moment is more worth paying attention to. Beneath the calm surface, market structure is quietly changing. Approximately $2.5 billion in gamma exposure is about to be cleared this month, with $26.7 billion withdrawn from the market since the peak, and overall positions approaching a reset.
The main factors influencing future trends may gradually shift from options mechanisms to liquidity itself. In this report, we focus on three points: whether this recent rebound is misleading and sufficient to signal a trend reversal; where passive hedging pressure will mainly concentrate after options expiration; and what conditions the market needs to meet to support a more sustainable stabilization.
Perhaps the most noteworthy phase of this cycle has just begun. Currently, Bitcoin’s price is roughly unchanged from a week ago, but the trend remains unstable. The previous rapid decline, followed by an equally swift rebound, is largely related to options position structures. Market makers have maintained short gamma positions. As the price declines, they are forced to sell futures to hedge their exposure, which amplifies the downward movement mechanically and accelerates the price toward $63,000.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Traders Turn to Bitcoin If UBS Bearish US Stocks View Proves True
The market mood has shifted as cross-asset dynamics tighten around valuation, policy uncertainty, and the path of inflation. A respected equity research team recently downgraded US stocks to neutral, citing high price levels, a weaker dollar, and lingering policy risks that could cap upside in the n
CryptoBreaking21m ago
Bitcoin Erases Iran Strike Losses as Traders Reprice Geopolitical Shock
On Saturday, as tensions intensified across the Middle East and U.S. airstrikes targeted Iran, bitcoin climbed from an intraday low of $63,176 per coin to $67,152 by 3:45 p.m. Eastern time. The digital asset now sits 2% higher against the greenback, hovering just shy of the $67,000 threshold.
Coinpedia26m ago
BTC Breaks Through 67,000 USDT
Gate News bot message, Gate market display, BTC breaks through 67,000 USDT, current price 67,005.4 USDT.
CryptoRadar1h ago
Data: In the past 24 hours, the total liquidation across the network was $526 million, with long positions liquidated at $316 million and short positions at $210 million.
In the past 24 hours, the total liquidation amount across the entire network reached $526 million, involving 144,115 people. Among them, Bitcoin long and short liquidations were $122 million and $103 million respectively, while Ethereum long and short liquidations were $90.62 million and $47.88 million. The largest single liquidation was $11.17 million.
GateNews2h ago
