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Market makers may have accelerated Bitcoin's drop to $60,000

Market makers may have accelerated Bitcoin's drop to $60,000

AIcoinAIcoin2026/02/09 10:10
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During bitcoin's drop from around $77,000 to nearly $60,000, in addition to macro pressures and ETF sell-offs, the hedging activities of options market makers also intensified the decline. Market makers were heavily short Gamma in the $60,000 to $75,000 range, which forced them to sell bitcoin in the spot and futures markets as prices fell, further accelerating the price drop.
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