2026-01-07 16:22:19

Based on market data as of January 7th, BTC's current price reached $91,927. The options market shows a strong positive Gamma state (with a scale of $470 million). What does this structure imply for price movement?

In a high positive Gamma environment, market makers' hedging trades produce significant volatility suppression effects. Their continuous high-throw and low-absorb operations effectively lock in price momentum, and it is expected that BTC will likely oscillate within a relatively narrow range of $90,000 to $93,000.

From a sentiment perspective, IV Skew is at an extremely low level (only 17.4% percentile), indicating that the market's demand for protection against sudden drops is not strong. This suggests that institutional investors' risk appetite remains positive. On the technical support side, the $90,000-$91,000 range is the main buy hedging zone for market makers, while the lower level at $85,000 forms a strong Put Wall support.

In such a market environment, institutions are deploying Iron Butterfly strategies, leveraging the precise pinning effect in the $90,000-$92,000 range to harvest time value (Theta). This may be the optimal strategic choice at this stage.

BTC0,13%

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LiquidationWatcher

· 01-10 02:38

ngl this gamma pinning at 90-93k is giving me 2022 flashbacks... the put wall at 85k sounds safe until it isn't, remember what happened last time we trusted support levels? not financial advice but... keep those health factors in check fr fr

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MoonlightGamer

· 01-07 16:52

It's the same old story of positive gamma. Basically, the big players are holding strong, and the market just oscillates to death.

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NeverVoteOnDAO

· 01-07 16:49

It's another positive Gamma lock-in, it seems this wave is just waiting to ride the volatility.

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BlockImposter

· 01-07 16:43

Bro, with this Gamma lock situation, retail investors shouldn't expect wild swings anymore. --- Institutions are playing Iron Butterfly here to harvest profits, and we're still debating whether to buy or not. --- It's the same old market maker trick, $90k to $93k is just a trap. --- The low IV Skew data is interesting, does it mean everyone’s not afraid of a drop? I find it hard to believe. --- Theta is harvesting time value; frankly, institutions are stacking money over time, and we’re using time to make money. --- Can that $85k Put Wall hold? Feels like it’s not that stable. --- Nowadays, analyzing options structures is more reliable than looking at candlestick charts. Never mind, I’ll just stick to HODL.

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NotAFinancialAdvice

· 01-07 16:41

Positive Gamma locks in momentum; simply put, institutions are playing the squeeze, and we're just waiting to be squeezed. Iron Butterfly sounds fancy, but in reality, it's just a time cost for harvesting retail investors. The 90k-93k range looks very safe, but who knows? Are institutions still this risk-tolerant? I feel like a reversal is just around the corner. The Put Wall at 85k is just a psychological bottom; it only gets interesting if it's truly broken.

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