This episode examines the mechanics behind bitcoin’s move above ninety two thousand dollars, which triggered two hundred sixty million in liquidations concentrated in short positions. We analyze how four hundred twenty BTC in new open interest at the January one hundred thousand dollar Deribit call strike created short gamma exposure that amplifies spot moves through dealer hedging flows. The briefing covers synchronized gains across bitcoin treasury equities like Strategy and mining stocks with AI exposure, commodity market rallies in gold and silver, and altcoin dispersion where DOGE outperformed while ether and Solana remained rangebound. Operators gain clarity on how options positioning, perpetual funding above thirty percent, and cross-asset correlations are shaping current market structure.
