BlockBeats News, January 19 — On-chain data analyst Murphy posted that "BTC funding structure has undergone significant changes: compared to January 12, the Long Gamma at 88,000 has disappeared and shifted to Short Gamma; the Long Gamma at 90,000 still remains, but GEX (option Gamma risk exposure) has decreased from $1.2 billion to $590 million, almost halving.
This means that the support force generated by the funding structure in the range of 88,000 to 90,000 has been greatly weakened. Conversely, the GEX at 92,000 has reached $1.4 billion, which will amplify BTC’s volatility.
From the URPD data, the chip structure has not changed much; a large amount of chips still accumulates between 87,000 and 92,000. Therefore, this remains the strongest support zone currently and is not easily broken. However, if an extreme situation causes this zone to be breached, the probability of BTC filling the “gap” below will increase significantly. According to the “double anchor structure” principle, the middle position is around 72,000 to 74,000."
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Drops Below $75K, Trading at $74,992 with 1.63% 24-Hour Decline
Gate News message, April 21 — Bitcoin (BTC) fell below the $75,000 mark, currently trading at $74,992.3 with a 24-hour decline of 1.63%.
GateNews1h ago
USDT supply hits fresh $188b ATH as Tether tightens grip on stablecoins
Tether CEO Paolo Ardoino says USDT supply has hit a record $188b, cementing the stablecoin's dominance as broader stablecoin liquidity sits near all-time highs.
Summary
Tether CEO Paolo Ardoino says USDT supply has reached a record $188 billion.
The new peak comes weeks after stablecoins hit a
Cryptonews4h ago
Grayscale Research Head: Bitcoin Rally Above $76K Could Signal Start of Bull Market Phase One
Grayscale research head Zach Pandl analyzes Bitcoin's rebound from a February low, using the realized price metric to show recent buyers at breakeven and hint at an early bull phase, with a reported bottom around $65k-$70k.
Grayscale’s Pandl: Bitcoin hit ~63k in Feb, rose to ~76k; realized price ~74k shows recent buyers breakeven, hinting at early bull phase and a bottom around 65-70k.
GateNews4h ago
Scammers Impersonating Iranian Officials Demand Bitcoin and USDT from Ships in Strait of Hormuz
Gate News message, April 21 — Scammers posing as Iranian officials are demanding Bitcoin (BTC) and Tether (USDT) as transit fees from ships in the Strait of Hormuz, according to a warning from MARISKS, a Greece-based maritime risk management firm. The scheme falsely promises "safe transit
GateNews4h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 21
Gate News message, according to the April 21 update, Bitcoin ETFs recorded a 1-day net inflow of 3,599 BTC (approximately $272.59 million) and a 7-day net inflow of 18,914 BTC (approximately $1.43 billion). Ethereum ETFs showed a 1-day net inflow of 34,380 ETH (approximately $79.25 million) and a 7-
GateNews5h ago
