šØ BITCOIN IS STUCK⦠BUT A BIG MOVE IS COMING $NOM
If youāve noticed BTC hovering between $85k and $95k while other coins are moving up, thereās a reason behind it. $ZKC
Right now, Bitcoin is trapped in a huge options setup. The biggest cluster of options is set to expire on January 30, and itās almost twice as large as any other date. $AUCTION
Hereās whatās happening:
Market makers are in a long gamma range:
When BTC rises, they have to sell to stay hedged.
When BTC drops, they have to buy to stay hedged.
This is why every rally gets pushed down quickly and every drop gets bought up immediately. Itās not weak buying or sellingāitās forced activity from the dealers.
But this pressure wonāt last long. As we get closer to January 30, the āprice pinā thatās keeping BTC stuck starts to fade. Once the options expire, all the mechanical selling disappears, paving the way for a potential big breakout.



