{"id":95983,"date":"2026-04-07T14:58:38","date_gmt":"2026-04-07T11:58:38","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=95983"},"modified":"2026-04-07T15:00:25","modified_gmt":"2026-04-07T12:00:25","slug":"expert-warns-of-bitcoins-dangerous-level-below-68000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/expert-warns-of-bitcoins-dangerous-level-below-68000\/","title":{"rendered":"Expert Warns of Bitcoin&#8217;s &#8216;Dangerous&#8217; Level Below $68,000"},"content":{"rendered":"<p>The area below $68,000 has become &#8220;dangerous&#8221; for the leading cryptocurrency. At this level, a significant negative gamma has accumulated in the options market, which could drive the price down to $60,000, warned Coinbureau&#8217;s head, Nic Pakrin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin below $68k is the danger zone. <\/p>\n<p>Apart from technical levels, option markets have extensive negative gamma built up here. <\/p>\n<p>Short Put dealers face losses in this region &#038; will hedge this loss by shorting themselves. <\/p>\n<p>This creates a feedback loop where lower prices\u2026 <a href=\"https:\/\/t.co\/1b8TmJrcdq\">pic.twitter.com\/1b8TmJrcdq<\/a><\/p>\n<p>\u2014 Nic (@nicrypto) <a href=\"https:\/\/twitter.com\/nicrypto\/status\/2041427940144271540?ref_src=twsrc%5Etfw\">April 7, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the level highlighted by the expert, short put option sellers incur losses. To mitigate risks, they will start opening new short positions. This will create a &#8220;vicious circle&#8221;: the fall in Bitcoin will require additional protective actions, further exacerbating the decline.<\/p>\n<p>In the past 24 hours, the price of digital gold has dropped by nearly 2%, failing to hold <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-tests-70000-amid-iran-ceasefire-hopes\">above $70,000<\/a>. At the time of writing, the asset is trading around $68,300.<\/p>\n<p>According to Pakrin, if the current level is lost, Bitcoin&#8217;s price risks falling to a potential bottom near $60,000.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-ddd22ba075a57e7d-1164353322913866.webp\" alt=\"image\" class=\"wp-image-278107\"\/><figcaption class=\"wp-element-caption\">Hourly chart BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>. <\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Risks of Decline<\/h2>\n<p>Analysts at Bitfinex additionally noted the accumulation of downside risk in the derivatives market. Traders are increasingly betting on a sharper drop in the leading cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A negative gamma environment below $68,000 means any move lower accelerates.<br \/>Put open interest is concentrated between $55,000 and $68,000.<\/p>\n<p>Bitcoin prices are stable, but the market is fragile.<\/p>\n<p>Bitfinex Alpha 199 explains what breaks the range. <a href=\"https:\/\/t.co\/46Y1Gt5C5O\">pic.twitter.com\/46Y1Gt5C5O<\/a><\/p>\n<p>\u2014 Bitfinex (@bitfinex) <a href=\"https:\/\/twitter.com\/bitfinex\/status\/2041247648863170764?ref_src=twsrc%5Etfw\">April 6, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Implied volatility in options remains in the 48-55% range, while actual price movements remain restrained. This gap indicates that investors are pricing in a high likelihood of future fluctuations, which have yet to materialize.<\/p>\n<p>Experts also identified the negative gamma zone below $68,000 as a key factor. In this area, <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-market-maker\">market makers<\/a> who sold protection against declines may begin to liquidate Bitcoin holdings to hedge their positions as the price falls. This could turn a gradual correction into a crash.<\/p>\n<h2 class=\"wp-block-heading\">Stability Without Foundation<\/h2>\n<p>Analysts describe the current sideways movement of the leading cryptocurrency as a &#8220;fragile equilibrium&#8221;: weakening spot demand and declining activity are keeping prices afloat on a thinning buyer base.<\/p>\n<p>Crypto treasuries \u2014 once a steady source of purchases \u2014 have significantly reduced their involvement. Strategy <a href=\"https:\/\/u1f987.com\/en\/news\/strategy-acquires-4871-btc-amid-saylor-and-schiff-debate\">continues to accumulate<\/a>, but other players (including MARA) have stepped aside or even sold some positions. The market has become increasingly dependent on a small number of participants rather than broad-based accumulation.<\/p>\n<p>Meanwhile, a large portion of the supply is concentrated above current prices \u2014 especially around $74,000. Investors who bought at higher levels are eager to exit on rebounds, limiting growth and strengthening resistance, Bitfinex concluded.<\/p>\n<p>In April, Bloomberg Intelligence senior commodity strategist Mike McGlone <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-analyst-says-bitcoin-could-sink-to-10000-if-it-fails-to-hold-75000\">predicted<\/a> a Bitcoin crash to $10,000 if the $75,000 level is lost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The area below $68,000 has become &#8220;dangerous&#8221; for Bitcoin. A significant negative gamma has accumulated in the options market, which could drive the price down to $60,000.<\/p>\n","protected":false},"author":1,"featured_media":95984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's level below $68,000 poses risks, warns expert.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,95,1138],"class_list":["post-95983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-bitfinex","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's level below $68,000 poses risks, warns expert.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/95983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=95983"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/95983\/revisions"}],"predecessor-version":[{"id":95985,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/95983\/revisions\/95985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/95984"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=95983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=95983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=95983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}