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Viewpoint: Support for BTC is weakening between $88,000 and $90,000; volatility may increase around $92,000
Svmuu News: On-chain analyst Murphy posted on X, noting that compared to January 12, the $88,000 long gamma for Bitcoins has shifted to short gamma. The $90,000 long gamma remains unchanged, but the GEX has dropped from $1.2 billion to $590 million.At $92,000, GEX reaches $1.4 billion, which will amplify volatility.URPD data shows a significant accumulation of positions between $87,000 and $92,000, forming the strongest support zone currently. If this range is breached, the probability of filling the gap below increases, with the midpoint located around $72,000 to $74,000.
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