@midnightsonata
Bitcoin spot ETF options open interest has hit a historical peak, amplifying gamma squeeze risks. On-chain data and market signals, including elevated short interest and options skew, point to $120,000 as a critical “option wall.” Heavy call option activity, particularly in BlackRock’s IBIT, suggests market makers’ hedging could trigger explosive price moves if BTC breaches this level. Posts on X highlight $120K-$130K as key liquidation thresholds, reinforcing the potential for a recursive rally. However, regulatory delays and counter-cyclical institutional flows may temper volatility.
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