Bitcoin Nears $115K—Will the ’Invisible Hand’ of Markets Derail the Rally?
Bitcoin’s relentless surge toward record highs has traders eyeing $115K as a potential inflection point—where whispers of market manipulation or institutional intervention could throttle the bull run.
Wall Street’s usual suspects are already sharpening their knives, ready to take credit or blame depending on which way the wind blows.
Dealer gamma is significantly positive, from $115K to $150K, thanks to investors’ interest in selling (overwriting) higher strike call options to generate additional yield on top of their spot holdings.
"There is lot of positive gamma in the market due to call overwriters. They will be more wary of this breakout, and if we can clear the pocket of gamma at $115K, this [rally] could really start to go," Anderson said.
