This is an interesting view point and scenario, can I see it…. Sure!

Is a MAG7-like gamma squeeze about to send Bitcoin bidding even higher?

“To put it simply, if a large amount of call options are bought, the sellers of the options, usually dealers or market makers, need to hedge their exposure. The usual way to hedge is to buy the underlying instrument so that they are not exposed to directional risk, Nolan said. If Bitcoin starts going up, the dealers will have to hedge further, thus buying more of the underlying token.”