Bitcoin's Gamma Shift Indicates Increased Volatility

According to Odaily, on-chain analyst Murphy shared insights on the X platform, noting a shift in Bitcoin's gamma positioning. The $88,000 Long Gamma has transitioned to Short Gamma, while the $90,000 Long Gamma remains unchanged. However, the Gamma Exposure (GEX) has decreased from $1.2 billion to $590 million. At $92,000, the GEX has reached $1.4 billion, suggesting an increase in volatility. URPD data indicates a significant accumulation of positions between $87,000 and $92,000, marking the strongest support zone currently. If this range is breached, the likelihood of filling the gap below increases, with the midpoint estimated around $72,000 to $74,000.