BTC Options dealers are short Gamma & Vanna —> expect more volatility here’s how it works: • Market makers constantly trade to stay balanced, but negative gamma and vanna make this highly chaotic. • Negative gamma is like a slippery hill: as prices fall, you are forced to sell more, making the drop even worse. • Negative vanna connects this balancing act to market fear, which is called volatility. • When fear spikes, negative vanna forces these giant players to dump even more stock to protect themselves. —> Together, they act like a massive amplifier that can turn normal market dips into sudden avalanches.(TheKingfisher)