CryptoWorld News, analyst Murphy stated that Bitcoin has strong support around $60,000 before and after the June 26 options expiration. The $59,000 to $62,000 range shows a clear positive gamma, and market maker hedging behavior will suppress volatility. Meanwhile, the $60,000 strike price has accumulated 4,620 BTC in put options, forming a put wall that provides buying support. Murphy believes that $60,000 is a strong short-term support level and is cautiously optimistic about the short-term market outlook.

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GateUser-4d2d061e
· 1h ago
Cautiously optimistic is the key point; after all, the macro environment hasn't improved, and once the options effect fades, it will still depend on capital inflows.
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LateBlockLarry
· 7h ago
4620 BTC put wall... Institutions are firmly betting on 60k, I tend to believe this support level.
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ApeWithNotes
· 7h ago
Gamma positive interval + put wall double insurance, Murphy's analysis is reliable, but whether the wall will be withdrawn after the options expire is uncertain.
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SecondaryMarketDeserter
· 7h ago
This wall of 60k is pretty thick—you’ve stacked over 4,600 puts on it. Market maker hedging really does suppress volatility; in the short term, it looks like oscillation and base-building.
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