Sudden! Bitcoin's tens of billions of dollars of crypto options expire, and the gamma squeeze may trigger drastic changes in Bitcoin's market. Will it plummet or explode this time?

Оригинальный автор：AI说区块链

Первоисточник：https://www.youtube.com/embed/omIbwDepVMo

US$9 billion in Bitcoin options delivery, the biggest pain point is US$75K. Expectations of the Federal Reserve to raise interest rates have suppressed risk assets, but the US CLARITY Act and Hong Kong's regulatory framework have brought institutional warmth. The ebb of ETF funds and the increasing holdings of institutions against the trend have resulted in the differentiation of fund levels. The short-term long-short game is fierce, and the medium- and long-term structure is transitioning from risk assets to strategic assets. 👉[Content Outline] ✅ Macro overview of US$9 billion option expiration ✅ The biggest pain point of options and the gamma squeeze mechanism ✅ The shadow of the Federal Reserve’s interest rate hike affecting risky assets ✅ The U.S. CLARITY Act strategic reserve legislation ✅ Hong Kong regulatory framework agency funding trends ✅ The structural evolution path after the long and short tug of war [Previous highlights] https://youtu.be/AX9Cl9tz6Xw https://youtu.be/aM6inrxsizk https://youtu.be/NZrKQnpMDzs https://youtu.be/w1331w_hSDQ https://youtu.be/2kUPfgqN2PA https://youtu.be/im2aQlBE4cQ https://youtu.be/UtR3W0oJAHw https://youtu.be/jQoKn6XeKmE [Main content of this video] The current crypto market is facing a complex tug of war between macro headwinds and regulatory overhangs. The $9 billion Bitcoin option is about to expire, and positions are polarized, with the biggest pain point located near $75,000. The gamma hedging mechanism of market makers may cause violent price fluctuations in both directions. If the price breaks through the key threshold, the gamma squeeze effect will amplify the rise and fall. At the macro level, CPI and PPI in April exceeded expectations, market expectations for the Federal Reserve to raise interest rates have increased, U.S. bond yields have returned to the 5% mark, the U.S. dollar has strengthened, and risk assets have come under pressure across the board. There are positive signals from the regulatory side. The U.S. Senate Banking Committee passed the CLARITY Act by 15 to 9, and strategic Bitcoin reserve legislation is also advancing; Hong Kong’s consultation on the virtual asset license system has been completed, and the regulatory framework has entered the final stage. Structural differentiation has emerged on the funding front. Net outflows from spot ETFs have exceeded US$2 billion for nine consecutive days, and retail search interest has dropped to freezing point. However, sovereign wealth funds and large banks are still bucking the trend and increasing their holdings. Miners were forced to sell due to profit pressure after the halving, which increased market selling pressure in the short term. After this option expiration, whether the price can stabilize at US$75,000 will determine the short- and medium-term direction, and the tug-of-war between macroeconomics and regulation will dominate the medium- and long-term pricing logic. [Note⚠️, cryptocurrency is a high-risk investment, and you may lose all your principal. If you don’t understand it, it is recommended not to participate. This video does not have any investment advice, it is only for information sharing] Become a member of this channel to enjoy the following benefits: https://www.youtube.com/channel/UCV1mqrHkQoDaK6dWed5g8KQ/join