ON BITCOIN’S ‘GAMMA SQUEEZE’

Summary from the TLDR Crypto newsletter

This thread outlines the complexities of managing gamma exposure in the crypto market. Referring to the 'Gamma Squeeze', it notes that while dealer gamma exposure can influence price movements, constant hedging isn't the norm. It also discusses other factors to consider in hedging, such as market volatility and passive versus aggressive order placement. Notably, it suggests that the recent significant market shift was driven by both dealer gamma exposure among other factors.