Bitcoin Trapped in "Gamma Pin" – Why the $85k-$95k They're a math trap

[Igor Pereira]

If you're frustrated with Bitcoin trapped between $85,000 and $95,000.Stop looking for news. The answer is not in the headlines, it's in the derivative market structure.

By Igor Pereira Financial Market Analyst

Bitcoin is currently trapped in what we call "Gamma Pin" (Gamber Clamp) It's a mathematical anomaly where volatility is artificially crushed by Dealers of options.

Below, I explain how this trap works and, more importantly, When she's gonna break.

Right now, the Dealers are "holding the bag" from massive positions. To remain neutral (hedged), they are forced to operate against the direction of the market.

• Mechanics: When Bitcoin goes up, they sell. When Bitcoin falls, they buy.

• The Result: It creates a roof and an artificial floor. They're literally destroying volatility to survive.

• The View: The Exposure Profile Chart Gamma clearly shows these "walls". Note the huge Call Wall (Resistance) close to $100k and Put Wall (Support) Defending the $90k. As long as these positions exist, the price is clamped in that range.

Recently, we saw exits from $1.6 Billions Bitcoin ETFs. Retail yelled "panic," but Smart Money knows the truth.

• The Reality: That's just... year-end tax rebalancing. Smart money has not come out of the ecosystem; they are just adjusting accounting books for tax purposes.

• The Effect: Without the massive buying pressure of the spot market (Spot) to break through the Dealers' walls, the hedge loop (described in point 1) dominates the price share.

The good news is that structure has an expiration date.

• Math: The stranglehold of Dealers depends on options contracts that expire in mid-and late January.

• The Decay: As time passes and we approach maturity, Gamma Pin loosens up. Once these hedges roll or expire, artificial gravity disappears.

• The Required Volume: To break these walls before time (such as the $94k-$96k barrier shown on the graph), we would need about $500 million in pure spot purchases to consume Dealers' liquidity.

Bitcoin is not blocked by fear; it is blocked by mathematics. My recommendation:

1. Patience: Don't try to operate fake breakups within the $85k-$95k zone. Each rally or dive within this range is designed to fail until the range is released.

2. The Calendar: Mark the end of January on your calendar. That's when the real price discovery should start again.

3. The Signal: I track the feeling and the flow of options, not just the price. When the clamp opens, the movement will be vertical.

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Game Turned: The Exact Day of the Venture

We monitor the exact expiration dates of quarterly and monthly options that hold the market. There is a specific Friday in January where billions in contracts expire, releasing Bitcoin for the final race.

Do you want to know the exact date to position yourself before the explosion?

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