Glassnode: Options market data shows that if Bitcoin breaks above $75,000, it may expand the scale of the increase

Glassnode posted on social media that there is currently a large amount of negative gamma positions concentrated around the $75,000 strike price in the Bitcoin options market. Market makers seem to generally hold structural bullish options shorts at this price level. As the spot price approaches this area, hedging operations may intensify, potentially amplifying upward price volatility.