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