In-depth Analysis: Bitcoin's Key Support Weakens, Volatility Likely to Surge

Market Structure Shifts as Bitcoin Support Dynamics Evolve

New on-chain analysis reveals a major shift in Bitcoin's funding structure. The Long Gamma exposure at the $88,000 level has disappeared entirely, transforming into Short Gamma positioning. While $90,000 maintains bullish exposure, the GEX (Gamma Exposure) has dropped significantly.

Current Support Zone Holds, But Vulnerabilities Emerge

The $87,000–$92,000 range still contains substantial market positioning, forming a robust support base. However, structural changes suggest growing fragility. A potential breakdown below this zone would significantly increase the probability of testing lower price levels near $72,000–$74,000.

Volatility Engine Appears to Be Activating

• $92,000 now shows $1.4B in GEX
• Structural changes indicate increasing volatility potential
• Gap-filling probability rises under stress scenarios

These developments suggest Bitcoin is entering a phase of heightened market sensitivity, requiring increased risk awareness for participants.