CryptoMedium•12 November 2026•
1 min read
Coinbase Flags $589M Ether Negative Gamma Near $1,980 Level
Key Facts
1Coinbase Markets flagged approximately $589 million in Ether negative gamma near the $1,980 price level.
Coinbase Markets flagged approximately $589 million in Ether negative gamma near the $1,980 price level. TokenPost reported that this concentration in options positioning could force market makers to sell Ether as prices fall and buy as they rise to hedge their positions, potentially accelerating price swings around that specific mark.
The stock of Coinbase Global, trading under the ticker COIN, closed at $136.27 on November 11, 2026. These technical observations suggest that hedging flows may weaken traditional support or resistance levels for Ether as market participants react to the identified negative gamma exposure.