⌞ Ethereum, breaking through $4400 in an instant ⌝

I advise those who are shorting ETH to adhere to the principles of fairness and self-care.

Why? Today I saw a set of data that I'd like to share: Deribit is the largest cryptocurrency options market in the world. Currently, in Ethereum options, the net Gamma exposure of market makers in the $4,000 - $4,400 range is negative!

This means that as the ETH price continues to rise, market makers must immediately buy spot to hedge.

🔹 Rise → Buy → Continue to skyrocket → Spiral upwards

In the future, when you look at the 1-minute K-line of Ethereum, an instant surge of 2% will become very normal, because market makers must buy spot, and they will mechanically and ruthlessly buy.

Of course, if the price drops, market makers will also sell spot to hedge, which means that short-term volatility for Ethereum will be very large. Everyone should avoid opening high-leverage contracts; 3 times is the limit. Otherwise, you may wake up not knowing how you got liquidated.

Today is the weekend, and I am wearing the physical merchandise from the 2024 Singapore @megaeth_labs airdrop, watching ETH soar.

Make Ethereum Great Again

Let Ethereum be great again!