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>>Coinbase options data shows Bitcoin’s volatility is primed for a notable shift between $60,000 and $70,000.

Coinbase options data shows Bitcoin’s volatility is primed for a notable shift between $60,000 and $70,000.

crypthub

about 6 hours ago

Gamma Exposure Overview

Coinbase’s report uses Gamma Exposure (GEX) to gauge Bitcoin’s short‑term volatility. GEX tracks how options makers hedge, creating feedback that can curb or boost price moves. Recent data shows a shift in GEX that may ignite volatility around $60‑$70 k.

Negative Gamma Zone $60K‑$70K

Between $60k and $70k the market holds negative gamma, forcing dealers to sell on rises and buy on drops. This creates a “negative gamma trap” that can accelerate declines and drain liquidity. Similar patterns have preceded sharp corrections in past cycles.

Market Implications

Key levels are $60k support, $82k resistance and a positive‑gamma wall near $85‑$90k that encourages sideways action. Institutional option volume has risen above 40%, making GEX signals more dependable. Traders should monitor GEX with open interest and put/call ratios, and use tighter risk controls in the negative‑gamma band.