Coinbase Institutional Report: Bitcoin GEX Signals Negative Gamma at $60K-$70K, Positive at $85K-$90K

Coinbase Institutional recently released its Gamma Exposure (GEX) metric for Bitcoin, highlighting critical price levels for market participants. The report indicates a substantial negative gamma concentration between $60,000 and $70,000. This negative gamma could potentially exacerbate downward price movements if Bitcoin approaches the $60,000 threshold, according to the firm. Conversely, Coinbase Institutional's analysis also identified a region of positive gamma between $85,000 and $90,000. This positive gamma is projected to act as a resistance level, potentially slowing any significant rally as Bitcoin approaches the $90,000 mark. The findings provide key insights into potential Bitcoin price dynamics based on options market positioning.