๐ Bitcoin's price surge is catching eyes, but could it stall at $90K? Market makers on Deribit have sold BTC options at $90K and $100K, creating a positive "gamma" exposure. This means they'll likely buy when prices dip and sell when they rise, keeping BTC rangebound.
- Traders are eyeing the $90K mark for Nov 29th and Dec 27th.
- Market makers' hedging could dampen volatility between $90K-$100K.
- BTC is currently trading just above $82K.
Will BTC break through or stay rangebound? Share your thoughts in the comments! ๐