According to @Andre_Dragosch, BTC is hovering near 87,000 while Deribit shows a massive positive gamma wall around 85,000, a level that can act as support and a price magnet in the near term, source: @Andre_Dragosch. He notes dealers are in long gamma, which typically leads to selling rallies and buying dips, reinforcing a magnetic pull lower toward the 85,000 area, source: @Andre_Dragosch. The immediate setup implies a short-term bearish bias with potential consolidation or a dip to retest 85,000 support, source: @Andre_Dragosch.

According to @glassnode, this week options flow leaned toward puts while overall volumes remained modest, indicating defensive positioning without strong directional conviction; source: Glassnode, Dec 19, 2025, https://twitter.com/glassnode/status/2002007236223082693. According to @glassnode, dealer positioning appears long gamma into year-end, which can mechanically suppress spot volatility as hedges are rebalanced around price changes; source: Glassnode, Dec 19, 2025, https://glassno.de/4s6UblD.

According to @GreeksLive, market sentiment is split with a bearish undertone, and traders are watching BTC 105k, 102k, 97k and ETH 3650, 3400 while debating further downside versus choppy consolidation. Source: @GreeksLive, Nov 4, 2025. According to @GreeksLive, option flow is dominated by short volatility with aggressive selling in ETH 3650P, 3400P, and 3800C strikes. Source: @GreeksLive, Nov 4, 2025. According to @GreeksLive, one trader argues downside is overestimated and continues adding short puts despite losses while also selling calls to position for a range. Source: @GreeksLive, Nov 4, 2025. According to @GreeksLive, the consensus behavior of doubling down on short vol despite warnings that the cycle may be over is flagged as dangerous and is typically seen before major market moves, elevating positioning risk for short-vol books. Source: @GreeksLive, Nov 4, 2025.

According to @GreeksLive, the Community Daily Digest dated Aug 13, 2025 reports predominantly bullish sentiment with strong momentum in BTC and ETH, as traders actively sell puts and hold deeply profitable long positions, source: @GreeksLive, Aug 13, 2025. According to @GreeksLive, the active put selling highlights risk-on positioning in the crypto options market and aligns with a buy-the-dip bias in BTC and ETH, source: @GreeksLive, Aug 13, 2025. According to @GreeksLive, this positioning suggests continued preference for premium-collection strategies over downside hedging in the near term, source: @GreeksLive, Aug 13, 2025.

According to QCPgroup, the cryptocurrency market experienced a sharp rally as Bitcoin climbed 2.74% to reclaim the $99K level and Ethereum surged 6.89%, breaking out of a three-week consolidation range. Options flow data indicated strong demand for May and June call options, suggesting traders are positioning for continued upside in the near term. These developments highlight renewed bullish sentiment and may influence high-volume trading strategies for both BTC and ETH. (Source: QCPgroup, Twitter, May 8, 2025)