BlockBeats News, February 25th, Coinbase Institutional, serving institutions, posted on social media that BTC options market data shows the most dense support cluster is located around $60,000, while the first dense resistance range is around $82,000. That is, $82,000 is the first key level to open up further upside potential, while $60,000 is a critical support to prevent accelerated downside.
Furthermore, the negative gamma belt is concentrated in the $60,000-$70,000 range, while the positive gamma is concentrated above $85,000 and $90,000. This implies two market tendencies:
· Acceleration may occur on the downside to $60,000
· Upside movement to $90,000 may lead to consolidation
