Bitcoin Stuck at $91K While Markets Soar: Gamma Pin Traps Price Until January Options Expiry

TLDR: Bitcoin faces mechanical resistance from options dealer hedging, not declining demand from participants. Price floor at $85K from put interest while $100K ceiling from call options creates tight range. Institutional buyers use TWAP and OTC methods to accumulate without triggering spot price reactions. January 30 options expiration removes 43% of gamma, potentially unlocking accumulated [...]

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