Glassnode: Option Market Data Suggests Bitcoin Could Extend Gains Above $75,000

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On March 16th, crypto analytics firm Glassnode noted in a social media post that Bitcoin’s options market currently has significant negative gamma exposure concentrated around the $75,000 strike price. Market makers appear to hold substantial short positions in structured call options at this level. As Bitcoin’s spot price approaches this zone, hedging activity could intensify—potentially amplifying upward price swings.

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