@gameratheart
Large Bitcoin and Ethereum option expirations amplify gamma exposure. When open interest clusters near key strikes, market makers must delta hedge aggressively, creating feedback loops. Rising implied volatility ahead of expiry often signals stress, but post-expiry rebalancing can release pressure, sparking sharp moves. Traders should analyze max pain levels, skew, and open interest shifts to anticipate possible breakouts or retracements following massive option expiries.
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