Viewpoint: BTC Support Weakens Between $88,000 and $90,000, Volatility May Amplify Around $92,000

Odaily News On-chain analyst Murphy posted on X platform, stating that compared to January 12, the $88,000 Long Gamma for Bitcoin has turned into Short Gamma. The $90,000 Long Gamma remains, but GEX has decreased from $1.2 billion to $590 million. GEX at $92,000 reached $1.4 billion, indicating volatility will amplify. URPD data shows a large accumulation of chips between $87,000 and $92,000, forming the current strongest support zone. If this range is broken, the probability of filling the gap below increases, with the intermediate level around $72,000 to $74,000.