Bitcoin's recovery rally has positioned the $90,000 mark as a critical point for potential volatility. Following the upcoming quarterly options settlement, the options market makers (MMs) will likely influence price movements as they adjust their positions. As BTC's price nears this level, MMs will trade to maintain market neutrality, buying and selling based on fluctuations. This hedging could lead to increased price volatility. Moreover, experts suggest that negative gamma dynamics, where MMs hold short positions in options, could amplify market swings around the $90,000 level. Analysis indicates that the dealer gamma profile of BTC is expected to mirror that of the gold-backed PAXG token, exhibiting support after significant price declines and resistance during substantial increases. With high volatility anticipated, traders and investors are closely monitoring the situation.

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