Crypto界网消息，据glassnode发推称：Federal Reserve Chair nomination and unexpectedly high PPI data trigger hawkish shock, commodities and cryptocurrencies come under pressure and decline. BTC options data shows market makers hold large short Gamma positions, exacerbating market sell-off; a $12.5 billion short Gamma zone exists around $80,000, and a break below could accelerate the decline. Short-term implied volatility surges, with put option demand dominating the market. The put/call volume ratio jumps from 0.6 to 1.4, indicating the market remains primarily in defensive positions.