According to data from Amberdata, BTC options with strike prices of $90,000 and $100,000 have been sold to market makers or dealers on crypto exchange Deribit. This means that traders have sold options at these levels, leaving market makers with a large number of long positions. When market makers have positive gamma exposures, they tend to buy the underlying asset when its price is falling and sell when it rises, which acts as a volatility dampener and restricts price swings. Therefore, if BTC reaches the $90,000-$100,000 range, market makers are likely to trade against the market direction and keep prices rangebound. However, if sentiment becomes more bullish, prices may be able to push through those levels. BTC is currently trading just above $82,000, approximately 8% away from the $90,000 level.



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