Laevitas: Gamma squeeze may be the reason for the soaring prices of Bitcoin and Ethereum

Laevitas: Gamma squeeze may be the reason for the soaring prices of Bitcoin and Ethereum
TokenInsight news, on the morning of July 26th, Beijing time, the price of Bitcoin quickly climbed to around US$40,000 without signal warning. Options research firm Laevitas and professional trader/market maker Julien stated that a large number of short-term call options transactions between $33,000 and $36,000 on Friday and Saturday caused a short squeeze (Gamma Squeeze), and shorts need to buy a lot of spot to resist pressure , And this caused further price increases. But at the same time, they also admitted that "the scale of the short squeeze was not expected to be so large." At present, the short squeeze that began on July 23 has affected the perpetual contract market. According to Laevitas statistics, U-standard perpetual contract holdings on Binance and Bybit exchanges have lost about 15%, while holdings on Deribit and FTX exchanges have relatively increased by 12%, showing a significant crossover.
Source
Latest News More More
6 Hours Ago Mark Zuckerberg calls for open-source AI as Meta releases Llama 3.1
6 Hours Ago Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
1 Day Ago Spot Ethereum ETFs get final sign off to begin trading Tuesday
1 Day Ago Gate.io to wind down services for customers in Japan
2 Days Ago Blockchain security firm Veridise finds ZK audits are twice as likely to uncover critical issues
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open