Glassnode: Options market data shows Bitcoin breakout above $75,000 may expand rally scale

MarsBitNews · 2026-03-16T11:35:44+00:00

Mars Finance News: On March 16, Glassnode posted on social media stating that there is currently a large concentration of negative gamma positions in the Bitcoin options market near the $75,000 strike price. Market makers appear to be widely holding structural call option shorts at this price level. When spot prices approach this area, hedging operations may intensify and could amplify upward price volatility.

MarsBitNews

2026-03-16 11:35:44

Mars Finance reports that on March 16, Glassnode posted on social media stating that there is a large concentration of negative gamma positions around the $75,000 strike in the Bitcoin options market. Market makers appear to generally hold structured bullish option shorts at this price level. As the spot price approaches this area, hedging activities may intensify, potentially amplifying upward price volatility.

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