Analysts: $80,000 becomes a key resistance level for BTC; a break above this level could lead to significant volatility.

CoinFeed reported on April 26th that on-chain data analyst Murphy stated that, considering three core data points—option Gamma exposure, open interest at strike price (OI), and at-the-money implied volatility (IV)—$80,000 is currently the first key resistance level for BTC, and also a crucial juncture for the May price movement. This price level exhibits characteristics of high open interest in call options, positive Gamma, and low IV: during price increases, market makers' dynamic hedging operations can easily create concentrated selling pressure, and the low IV level further amplifies the sensitivity of hedging adjustments. Data shows that $80,000 corresponds to approximately 7,200 BTC in OI combined with positive Gamma, demonstrating a significant suppressive effect. Murphy also pointed out that $80,000 is not the absolute top of this BTC price movement.