[Analysis: Bitcoin's support at $88,000 to $90,000 has significantly weakened, volatility may be amplified] BlockBeats news, January 19, on-chain data analyst Murphy published an article stating, 'BTC's capital structure has undergone significant changes: compared to January 12, the $88,000 Long Gamma has disappeared and shifted to Short Gamma; $90,000 still maintains Long Gamma, but GEX (options Gamma exposure) has dropped from the previous $1.2 billion to the current $590 million, almost halving. This indicates that the supporting force generated by the capital structure at $88,000 to $90,000 has significantly weakened. In contrast, the GEX at $92,000 has already reached $1.4 billion, amplifying BTC's volatility. From the URPD data, the chip structure has not undergone significant changes, with a large accumulation of chips still present between $87,000 and $92,000; therefore, this remains the strongest support zone currently and is not easily broken. However, if extreme circumstances lead to this range being breached, the probability of BTC filling the lower 'gap' will increase significantly. According to the 'dual-anchor structure' principle, the midpoint is around $72,000 to $74,000.'