The post Bitcoin’s $415M Gamma Flush Could End the $85K–$90K Range appeared on BitcoinEthereumNews.com.

Bitcoin is trapped between $85K and $90K due to dealer hedging, not spot trader activity. Heavy call selling at $90K and put buying at $85K is mechanically pinning the price. About $415M in dealer gamma expires by December 26, removing two-thirds of volatility suppression. Bitcoin has spent days moving in a tight $85,000-$90,000 range. This is not spot traders fighting each other, but the price is pinned by options positioning, as per analysts. According to data, Bitcoin is sitting near $88,000, a key options flip level. Around this zone, dealers must hedge constantly. Above it, they sell into rallies. Below it, they buy dips. The result is forced balance, not real price discovery. At $90,000, call options are stacked heavily. Dealers short these calls. When the price moves toward $90K, they sell spot Bitcoin to hedge risk. That supply appears instantly and kills momentum. Every rejection near $90K comes from this flow. 🚨 BITCOIN IS BEING HELD IN PLACE, AND IT’S ABOUT TO BREAK If you’re wondering why BTC keeps hovering around $85k-$90k no matter how many people try to push it… I have the answer for you. And it likely resolves within the next ~72 hours. Here’s what’s actually going on:… pic.twitter.com/YhUIgL4vqy — NoLimit (@NoLimitGains) December 23, 2025 On the other hand, at $85,000, puts dominate. As price falls, dealers buy spot to hedge. This creates fast bounces and shallow dips. That is why sell-offs do not extend. The range feels calm, but it is artificial. Gamma Is Suppressing Volatility Into December 26 This structure exists due to elevated dealer gamma exposure, which incentivizes hedging behavior that favors price stability and low volatility. When Bitcoin moves toward the upper end of the range, dealers sell spot to hedge call exposure. When it dips, they buy spot to hedge puts.…

---

Filed under: News - @ December 24, 2025 1:26 pm