#加密市场回调 Bitcoin's support between $88,000 and $90,000 has significantly weakened, and volatility may be amplified.

On-chain data analyst Murphy stated, "BTC's funding structure has undergone a major change: compared to January 12th, the Long Gamma at $88,000 has disappeared, turning into Short Gamma; while the $90,000 level still maintains Long Gamma, GEX (option Gamma risk exposure) has dropped from $1.2 billion to $590 million, nearly halving. This indicates that the support derived from the funding structure in the $88,000 to $90,000 range has greatly diminished. Conversely, GEX at $92,000 has reached $1.4 billion, which will amplify BTC's volatility. From the URPD data, the chip structure hasn't changed much; a large amount of chips still accumulate between $87,000 and $92,000. Therefore, this remains the strongest support zone and is unlikely to be broken easily. However, if an extreme situation causes this range to be breached, the probability of BTC filling the 'gap' below will increase significantly. According to the 'double anchor' structure, the middle position is around $72,000 to $74,000."