Glassnode: Resistance around $72k for Bitcoin is building up. If the rebound weakens, the downside risk is higher.

MarsBitNews · 2026-04-07T10:07:18+00:00

On April 7th, Glassnode analyzed Bitcoin's Gamma exposure, indicating that Bitcoin is currently in a negative Gamma zone between $65k and $70k, where short-term price fluctuations are more likely to be amplified. Resistance is at $72k, and support is weak below, with risks increasing as the rebound weakens. Gamma exposure is an indicator used to assess how options market makers' hedging behavior impacts Bitcoin's spot price.

MarsBitNews

2026-04-07 10:07:18

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Mars Finance reports that on April 7, Glassnode published a post analyzing Bitcoin options’ Gamma exposure. Currently, BTC is trading within a narrow negative Gamma trading range near $65k to $70k, where dealers’ hedging activity is prone to amplify short-term price volatility. Resistance near $72k is building up, while support below is relatively thin. If the rebound momentum weakens, downside risk is higher. Bitcoin Gamma exposure (Gamma Exposure, abbreviated as GEX) is a derivatives metric primarily used to analyze how options market makers’ hedging activity affects short-term volatility in Bitcoin spot prices.

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