Bitcoin Downside Risk Exceeds Upside as GEX Concentrates at $60K
2026-07-02 21:47

Woofun AI notes that Bitcoin has reclaimed the $60,000 level, with GEX concentration centered around this mark. Macro researcher Adam from Greeks.live observes that while call and put positions have accumulated near $60,000, put options are distributed between $55,000 and $60,000, leaving a vacuum zone below $55,000. This structure implies significant room for decline if support breaks, whereas positions above $60,000 are more evenly distributed due to recent trading activity. Consequently, downside risk is assessed as greater than upside potential. Macro uncertainty and capital outflows from the United States further hinder cryptocurrency market support, making the sale of call options the strategy offering better value.

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Bitcoin
Adam
Greeks.live
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