Bitcoin Pinned at $90K by Dealer Hedging as $125M January Options Expiry Looms

TLDR: Dealers hold $55M in delta-neutral hedges at $90K, forcing mechanical selling on rallies and buying on dips. Call wall at $100K with 14K+ contracts caps upside while $85K put support cushions downside movements currently. January 30 expiry removes $125M in hedges, potentially weakening the price pin and returning market volatility. Analysts estimate $517M in [...]

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