BTC, ETH may see bigger swings from options pressure as $73K becomes key for BTC

Bitcoin and Ethereum could face wider price swings due to options-market positioning, CoinDesk reported, citing crypto options analytics platform Greeks.Live. Adam, a macro researcher at Greeks.Live, said BTC and ETH have entered a zone where market makers’ gamma exposure, or GEX, is deeply negative. In that setup, market makers may sell into declines and buy into rallies to cut risk, which can amplify price moves, Adam said. Small pullbacks could also trigger cascading forced liquidations in the perpetual futures market, while a rise could accelerate further as market makers add to purchases, according to Adam. The report said a move above $73,000 is important for BTC.