What is coming for Bitcoin will be very good, according to the article they claim that by December it could be between the levels of $90-$100k.
The force is of market makers or dealers entities responsible for providing liquidity to the order book, profiting from the bid-ask spread while constantly striving to maintain a market-neutral exposure.
Those making the bitcoin options market on crypto exchange Deribit currently appear to have a significant positive "gamma" exposure at the $90,000 and $100,000 strike options. In simple terms, it means traders/investors have sold options at these levels, leaving market makers, who are always on the opposite side, with a large chunk of long positions.
Original Article:https:
//www.coindesk.com/markets/2024/11/11/why-bitcoins-record-price-rally-may-be-choked-between-90k-and-100k/?utm_medium=referral&utm_source=rss&utm_campaign=headlinesApart from this, nobody expected the large purchase of Microstrategy with 27,600btc, this is significant, and institutions continue buying like this, and for those who had not entered the market before, the price will continue to rise.
