Today’s $300 Million Gamma Expiry Could Triger Bitcoin’s Next Big Move | US Crypto News
A $300 million Bitcoin options gamma expiry is expected to release price suppression, potentially triggering significant volatility and Bitcoin's next major price movement.Summary
Bitcoin has remained suppressed below $90,000, contrasting with gold's surge to new highs, suggesting capital rotation toward safety. Analysts attribute Bitcoin's calm to a $300 million options structure, or "gamma trap," mechanically locking the price between $85,000 and $90,000 due to dealer hedging requirements related to put and call walls.
Today's options expiry, removing about $300 million in gamma (58% of the total complex), acts as a "pin release," eliminating the forces that compressed the price. This event is anticipated to trigger sharp volatility as the market seeks a new equilibrium. A key level is the gamma flip at $88,925; a sustained move above this could flip dealer flows from dampening to amplifying price action.
The divergence between Bitcoin and precious metals, which are rallying amid broader systemic stress signals, has led some observers to believe Bitcoin is structurally poised to catch up once the compression ends.
(Source：BeInCrypto)