Bitcoin's Negative Gamma Headwind Expected to Ease by Month-End, Sentiment May Shift Bullish

BTC-0.25%

According to 10x Research, bitcoin’s total gamma exposure has remained negative since mid-January, currently reaching -$3.2 billion at the $82,000 strike price. As options concentrated on May 29 and June 26 approach expiration, the negative gamma effect is expected to gradually dissipate. Market demand for call options already exceeds put options, with institutions anticipating a shift in sentiment from bearish to bullish.

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