BTC Options Outlook: Call Buyers Fuel Volatility Amplification at $113K–$125K While Gamma Support Emerges Below $106K

On-chain data analyst Murphy reports the current BTC options market shows upper-side dominance by Call buyers and lower-side dominance by Put sellers, producing a characteristic “long gamma on the downside, short gamma on the upside” profile; the net premium concentrations are visible in the on-chain chart.

When BTC trades within the high Call concentration band of $113,000–$125,000, market makers reside in a short gamma regime and must hedge by buying spot on rallies and selling on declines, creating a volatility amplification zone where passive hedging materially amplifies price moves.

By contrast, a decline below $106,000 moves market makers into a long gamma state, prompting spot purchases into dips that act as a natural Gamma support zone; this assessment is provided for educational purposes only and is not investment advice.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.