温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/ar/66553.html
点击访问原文链接

Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound | Bee Network

进入原网站 导航首页
Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound | Bee Network Login الأخبار الشائعة منصة إطلاق ميمي وكلاء الذكاء الاصطناعي ديسي مستكشف السلسلة الأعلى لنوبي 100x عملات معدنية لعبة النحل المواقع الأساسية يجب أن يكون لديك التطبيق مشاهير التشفير ديبين الناشئين الأساسية كاشف الفخ الأدوات الأساسية المواقع المتقدمة التبادلات أدوات NFT أهلاً، خروج عالم الويب 3 ألعاب تطبيق خلية نحل منصة النمو إعلان يبحث إنجليزي إعادة شحن العملات تسجيل الدخول تحميل ويب 3 يوني ألعاب تطبيق خلية نحل إعلان بيت•تحليل•Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Reboundتحليلمنذ 19 ساعةجديدوايت 624 1 Short Gamma Amplifies Volatility: $63,000 and $69,000–$70,000 Become Key Ranges This round of decline and rebound largely stemmed from the short gamma structure. Previously, market makers maintained short gamma positions and were forced to sell futures to hedge their exposure during the price decline, thereby amplifying the downtrend and accelerating the move towards $63,000. As risk appetite improved and tech stocks strengthened, boosting sentiment, the تشفير market saw a correlated rebound. سوق makers in a short gamma state were forced to buy Bitcoin for hedging during the price recovery, further amplifying the technical rebound. However, the market fundamentals did not undergo substantial changes this week; price fluctuations were still primarily driven by positioning structure and gamma factors.

Structurally, the $69,000–$70,000 range concentrates the largest negative gamma exposure, becoming a short-term “bottleneck.” Once broken below, the downside convexity will be further amplified; when prices rebound to this range, they are likely to encounter resistance from hedging flows. Until the related short gamma exposure completes its expiration and unwinding, price action may continue to fluctuate around this area.

As approximately $2.5 billion in short gamma exposure is gradually cleared by February 27th, technical disturbances are expected to weaken. Subsequently, the market will gradually transition from positioning-driven logic to a trend dominated by fundamentals and liquidity. However, the current weak trading volume and limited capital inflows indicate that structural pressure has not yet been alleviated.

Capital Outflows and Liquidity Constraints: The Rebound Resembles a “False Recovery” Although short-term technical indicators have shown positive divergence relative to price, our baseline judgment remains: Bitcoin is still in a larger-scale correction phase. The recent rebound is more likely part of a consolidation rather than the start of a new sustained uptrend. The core issue remains unchanged: persistent capital outflows continue to weigh on the market. According to the 30-day realized flow indicator, approximately $26.7 billion has flowed out of the market since the retreat from the $89,000 high. This scale has already surpassed the level seen during the industry-wide contagion risk event in July 2022.

Historical experience shows that the later stages of a bear market are often accompanied by sharp counter-trend rallies, followed by renewed weakness. Before a truly sustainable bottom is formed, the market typically experiences multiple “false recoveries.” Although models indicate we are closer to a structural bottom, the persistent capital outflows suggest the absolute low point has likely not yet been confirmed.

More critically, liquidity conditions matter. In this cycle, each relatively clear rebound has almost been accompanied by a significant increase in trading activity, with 24-hour trading volume reaching at least $260 billion. The recent rebound’s daily trading volume was only about $118 billion, more indicative of a temporary market stabilization than a clear improvement in sentiment. Without substantial liquidity expansion, rebounds often struggle to sustain.

Overall, this week’s volatility stemmed more from the amplification effect of the short gamma mechanism rather than an improvement in fundamentals. As the $2.5 billion in short gamma exposure gradually unwinds, the market will see reduced short-term technical disturbances. However, the real key lies in whether capital inflows and liquidity repair can occur simultaneously. Until the cumulative $26.7 billion outflow since the high is reversed, any rebound should be viewed more as a tactical trading opportunity rather than a structural trend reversal.

Some of the above views are from Matrix on Target. اتصل بنا to get the full Matrix on Target report.

Disclaimer: The market carries risks, and investment requires caution. This article does not constitute investment advice. Digital asset trading can involve significant risk and volatility. Investment decisions should be made after careful consideration of personal circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.

هذا المقال مصدره من الانترنت: Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound

Related: The $1 Million Content Experiment: What Future of Creation Has X Validated with Real Money? In mid-January, X announced a $1 million prize pool to reward the best-performing long-form Articles on the platform. Elon Musk personally retweeted to confirm it. The rules were simple: open only to U.S. users, original English articles over 1000 words, ranked primarily by exposure among U.S. paying users. You probably remember that just days before this content incentive program was launched, personal growth blogger Dan Koe published an article titled “How to fix your entire life in 1 day,” which garnered 170 million impressions, becoming the best-performing Article in X’s history. X clearly saw the traffic potential of long-form content and quickly followed up: lowering the threshold for the Articles feature, adjusting algorithm weights to prioritize long-form posts over short tweets, and announcing the million-dollar writing contest. During the two-week…

تحليل ## بيتكوينعملة # المشفرة# السوق© 版权声明المصفوفة 上一篇 ERC-5564: Ethereum's Stealth Era Has Arrived, Receiving Addresses No Longer 'Exposed' 下一篇 Stop Comparing Bitcoin to Gold—It's Now a High-Volatility Software Stock 相关文章 The whole story of MegaETH’s “slip of the hand”: Multiple signings 34 minutes early disrupted a $1 billion plan. 6086cf14eb90bc67ca4fc62b 16٬171 2 Airdrop Weekly Report | Monad will launch its public sale on November 17; Aster begins Phase 4, Aster Harvest (November 6086cf14eb90bc67ca4fc62b 18٬654 Will South Korea’s Nine-Year Ban Lifting Reignite a $10 Billion “Kimchi Premium 2.0”? 6086cf14eb90bc67ca4fc62b 10٬142 2 Airdrop Weekly Report｜ETHGas to Conduct Airdrop Snapshot on January 19; Solana Mobile Opens Airdrop Claims on January 21 6086cf14eb90bc67ca4fc62b 9٬553 1 Is Circle developing a “regret pill”? Stablecoin reversible transactions spark debate in the cryptocurrency world. 6086cf14eb90bc67ca4fc62b 21٬625 3 Reflect’s Early Bird Deposits Open; Perena Launches Season 1 Points Program (October 29th) 6086cf14eb90bc67ca4fc62b 17٬983 1 بدون تعليقات يجب عليك تسجيل الدخول لتترك تعليق! تسجيل الدخول على الفور بدون تعليقات... أحدث المقالات Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing منذ 19 ساعة 594 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock منذ 19 ساعة 678 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ منذ 19 ساعة 539 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations منذ 19 ساعة 605 Following OpenMind’s Token Launch, A Quick Look at Unlaunched Projects in the Robot Sector منذ 19 ساعة 561 المواقع الشعبيةTempoLighterGAIBطائرة شراعيةبلانكرايلزبوكر BCPokerفوي Bee.com أكبر بوابة Web3 في العالم الشركاء كوين كارب بينانس CoinMarketCap كوين جيكو كوين لايف الدروع قم بتنزيل تطبيق Bee Network وابدأ رحلة web3 ورق ابيض الأدوار التعليمات © 2021-2026. جميع الحقوق محفوظة. سياسة الخصوصية | شروط الخدمة تحميل تطبيق Bee Network وابدأ رحلة web3 أكبر بوابة Web3 في العالم الشركاء CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors ورق ابيض الأدوار التعليمات © 2021-2026. جميع الحقوق محفوظة. سياسة الخصوصية | شروط الخدمة يبحث يبحثفي الموقععلى تشيناجتماعيأخبار العنوان: صيادو الإنزال الجوي تحليل البيانات مشاهير التشفير كاشف الفخ العربية English 繁體中文 简体中文 日本語 Tiếng Việt 한국어 Bahasa Indonesia हिन्दी اردو Русский العربية

智能索引记录