Bitcoin Holds Firm Support at $60,000 Amid Positive Gamma and Massive Put Wall
2026-06-24 12:54

Woofun AI analysis suggests that Bitcoin has established robust support near the $60,000 mark surrounding the June 26th options expiry. The Gamma chart reveals significant positive exposure within the $59,000 to $62,000 range, compelling market makers to hedge in ways that suppress volatility and anchor prices.

Concurrently, a substantial Put wall comprising 4,620 BTC at the $60,000 strike price generates intense buying pressure when tested. Historically, such option structures signal intermediate bottoms or the conclusion of pullback phases. Analyst Murphy maintains a cautiously optimistic outlook on short-term performance, viewing $60,000 as a resilient floor.

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