$415 Million Bitcoin Gamma Flush Looms: The Next 8 Days Are Crucial, Says Analyst

Bitcoin’s options market has a new obsession: Christmas week. In a post Thursday, energy-sector managing partner David Eng argued the next eight days (December 19 through December 26) could define the near-term cycle for BTC, not because of a macro headline or some sudden ETF stampede, but because a large chunk of dealer gamma exposure is scheduled to roll off the board in two shots. At press time, bitcoin traded around $86,928, after swinging between roughly $84,461 and $89,230 intraday. Eng’s framing is blunt and very “options people”: the market is being mechanically pinned, and the pin has an expiry date The Hidden Force Holding Back Bitcoin Price? “The narrative isn’t just about tomorrow source: https://www.newsbtc.com/bitcoin-news/415-million-bitcoin-gamma-flush-next-8-days/