Bitcoin Shows Strong Support Near $60,000 Ahead of June 26 Options Expiration, 4,620 BTC in Put Options

BTC0.27%
According to ChainCatcher, analyst Murphy noted that Bitcoin faces strong support near $60,000 ahead of options expiration on June 26. The 59,000–62,000 U.S. dollar range shows positive Gamma on the corresponding chart, with market-maker hedging activity expected to suppress volatility and stabilize prices within that band. A significant Put wall has accumulated at the $60,000 strike price with 4,620 BTC in options positions, providing substantial buying pressure as prices approach that level.
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