Analysis: Bitcoin's support at $88,000 to $90,000 has significantly weakened, and volatility may be amplified

BlockBeats News, January 19th, on-chain data analyst Murphy posted, stating, "Significant Changes in BTC Fund Flows: Comparing to January 12th, the $88,000 Long Gamma has disappeared, turning into Short Gamma; $90,000 still maintains Long Gamma, but the GEX (Gamma Exposure) has dropped from the previous $1.2 billion to the current $590 million, almost halved.

This means that the support force generated by the fund structure in the $88,000 to $90,000 range has significantly weakened. In contrast, the $92,000 GEX has surged to $1.4 billion, amplifying BTC's volatility."

From the URPD data perspective, there hasn't been much change in the chip structure, with a large number of chips still stacked from $87,000 to $92,000; therefore, this is still the strongest current support zone, not easily broken through. However, if an extreme situation occurs that breaches this range, the probability of BTC filling the "gap" below will greatly increase. Following the law of the "twin-anchor structure," the midpoint is around $72,000 to $74,000."