分析：击穿比特币7万美元支撑的期权机制正在反转，市场或迎反弹

Odaily Odaily reports that 10x Research stated that the options market mechanism that pushed Bitcoin below the $70,000 support level is changing, and may even shift to fueling an upward trend. After BTC fell below $70,000, the negative Gamma effect in the options market amplified the decline. Market makers shorting Gamma were forced to sell during the downturn, turning a normal pullback into a cascade of liquidations, with Bitcoin dropping to a low of $65,705. This mechanism has not disappeared but has shifted to a new key level.

At this stage, the largest negative Gamma position in the Bitcoin options market is concentrated near the current spot price, corresponding to a scale of approximately $1.8 billion. If price fluctuations occur, market makers' hedging activities could once again amplify market movements. Driven by factors such as improving market sentiment indicators, the possibility of Iran-related agreements reducing inflation risk premiums, and market expectations that the new Federal Reserve chair will adopt a more dovish stance, the options structure that previously caused Bitcoin's decline may be transforming into a force driving a rebound.