TechFlow News, June 8: According to options analyst Adam@Greeks.live (@BTC__options), BTC’s gamma exposure (GEX) has concentrated around $60,000 amid the market rebound, driven primarily by weekly and monthly options. The most significant macro event this week is SpaceX’s IPO on June 12—the largest IPO globally to date—whose impact on U.S. equity market liquidity warrants close attention.
U.S. equities have recently exhibited extremely high volatility, significantly affecting the crypto market. Moreover, a large number of crypto investors have poured into U.S. equities, likely further increasing the correlation between the two markets. Additionally, implied volatility (IV) for options expiring this week has risen markedly, while block trades continue to account for an increasing share of overall volume. Short-term demand for option purchases remains robust, indicating that market participants are adopting a defensive positioning overall.
