Coinbase Institutional analysts warned of a possible cascading collapse of bitcoin price, emphasizing the importance of monitoring key price levels and the behavior of market makers in the options market. According to their assessment, the main support zone for bitcoin is around the $60,000 mark. A breakdown of this level could lead to increased downward pressure and further price decline. On the other hand, the first significant resistance is located at $82,000. The experts also paid attention to the gamma exposure (GEX), which reflects the behavior of market makers in the options market in response to changes in the price of the asset. With a positive gamma exposure, market makers tend to smooth out volatility by buying an asset when it falls and selling when it rises. However, when gamma exposure is negative, their actions can reinforce the current trend, which increases the risk of sharp price movements. In the current market conditions, analysts recommend investors to closely monitor these indicators and take them into account when making investment decisions. Understanding the dynamics of gamma exposure and key support and resistance levels can help in assessing potential risks and opportunities in the bitcoin market.