🔥Analyst: $80k is a key resistance level for BTC, and a breakout may trigger increased volatility


On-chain data analyst Murphy stated that by combining options Gamma exposure, open interest (OI) at the strike price, and at-the-money implied volatility (IV), $80,000 is the first key resistance level above current BTC prices. This level features high Call OI, positive Gamma, and low IV characteristics. During upward price movements, market maker dynamic hedging can easily create selling pressure, and lower IV amplifies the sensitivity of hedging adjustments. Data shows that this price level corresponds to approximately 7,200 BTC in OI combined with positive Gamma, making $80,000 a significant resistance in May. However, analysis indicates this is not an absolute top…
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