Odaily Planet Daily reports that 10X Research CEO Markus Thielen stated at the Consensus Hong Kong conference: “After the November 2024 election, Bitcoin rapidly surged from $70,000 to $90,000 within just 10 to 12 days. During this process, trading activity was very sparse, creating a large gap—a liquidity vacuum zone. So when Bitcoin retreated to $87,000, it fell into this liquidity trap. What happened next was: at the $75,000 level, a large amount of negative options gamma appeared. This means market makers had to hedge, constantly selling futures. As the final wave of negative gamma impact was absorbed at $60,000, the market situation may turn around.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Funding Rates Turn Negative at -0.0074% Across Major Exchanges
Gate News message, April 24 — Bitcoin's eight-hour average funding rate across the network has turned negative at -0.0074%, according to Coinglass data.
Among major exchanges, funding rates vary: one platform reported -0.0038%, another -0.0048%, a third -0.0034%, and a
GateNews9m ago
Poland's Largest Exchange Faces $350M Swindling Allegations
Zondacrypto is facing allegations of fund misappropriation, as its CEO, Przemysław Kral, claims the exchange lost access to a wallet containing over 4,500 BTC. Kral stated that the wallet was sold to the exchange, but its former owner disappeared before delivering the private keys.
Key
Coinpedia30m ago
Bitcoin ETF Inflows Turn Positive for Year, All Flow Metrics Green for First Time in Months
Gate News message, April 23 — Bitcoin spot ETFs are gaining momentum as all flow metrics tracked by Bloomberg turned positive for the first time in months, according to Bloomberg Senior ETF Analyst Eric Balchunas. Ben Slavin, global head of ETFs at BNY Asset Servicing (which services 80% of the
GateNews2h ago
Bloomberg Analyst Mike McGlone Flags $75,000 as Critical Bitcoin Level for 2026
Gate News message, April 23 — Bloomberg analyst Mike McGlone has released an assessment of Bitcoin's performance relative to traditional markets, highlighting $75,000 as a critical threshold for BTC in 2026.
According to McGlone's analysis, Bitcoin and the S&P 500 have shown similar performance
GateNews3h ago
Bitcoin Eyes $80,000 as ETF Inflows, Whale Buying Support Rally
Bitcoin is trading near $78,400 on Thursday after reaching an intraday high of $79,426 on Wednesday, according to The Block's price data. Institutional flows have supported the advance, with spot Bitcoin ETFs recording $11.8 million in inflows on April 21 as part of a six-day streak, while spot Ethe
CryptoFrontier3h ago
Bitcoin at $81,848 Would Trigger $1.56B in Short Liquidations on Major CEXs
Gate News message, April 23 — According to Coinglass data, if Bitcoin breaks above $81,848, cumulative short liquidations across major centralized exchanges would reach $1.56 billion.
Conversely, if BTC drops below $74,105, cumulative long liquidations would total $1.428 billion.
GateNews5h ago
