Glassnode: Resistance around $72k for Bitcoin is building up. If the rebound weakens, the downside risk is higher.

BlockBeatNews

2026-04-07 10:06:14

BTC-1,65%

BlockBeats message, April 7, Glassnode posted an analysis of Bitcoin options Gamma exposure. Currently, BTC is in a narrow negative gamma trading range around $65,000 to $70,000, where dealers’ hedging behavior is prone to amplify short-term price volatility. Resistance near $72,000 is accumulating, while support below is relatively thin. Once the rebound momentum weakens, the risk of downside is higher.

Bitcoin Gamma exposure (Gamma Exposure, abbreviated as GEX) is a derivatives indicator, mainly used to analyze how options market makers’ hedging behavior affects short-term volatility in Bitcoin spot prices.

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