Today, market makers' hedging strategies are significantly influencing the price dynamics of Bitcoin, Ethereum, and XRP. These strategies, driven by gamma exposure, are crucial for understanding potential price movements.
Bitcoin is trading at $108,827, with an intraday high of $109,122 and a low of $108,158. Market makers have substantial positive gamma exposure at the $108,000 and $110,000 strike prices, potentially dampening volatility within this range.
Ethereum is priced at $2,612.62, with an intraday high of $2,634.55 and a low of $2,558.69. Significant positive gamma positions at the $2,650 strike price could lead to increased volatility as market makers adjust their positions.
XRP is trading at $2.34, with an intraday high matching the current price and a low of $2.28. While specific gamma exposures are not detailed, market makers' hedging strategies also influence XRP's price movements.