Bitcoin has reclaimed the $60k integer level, and GEX is now concentrated at this $60k position. Due to repeated friction at this critical level, both bullish and bearish positions have piled up here.

Currently, bearish positions are distributed between 55K and 60K. As analyzed last week, below 55K is a volume vacuum zone, and once it breaks, the downside space will be significant. In contrast, above 60K is an area that has been repeatedly grinded over the past few months, with positions more evenly distributed. Overall, the downside risk is greater. Macro uncertainty, coupled with capital outflows from the United States, cannot provide strong support for the cryptocurrency market. At present, selling Call options offers good cost-effectiveness.