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Bitcoin's drop below $68,000 risks triggering a sharp sell-off below $60,000 due to options market dynamics.

Market News
02 Apr 2026
Coindesk
View Source
Bearish
pluang ai news

Bitcoin fell about 2% to $67,000 amid geopolitical tensions, entering a 'negative gamma' zone between $68,000 and mid-$50,000s caused by heavy put option demand. This market structure forces dealers to sell more bitcoin as prices fall, potentially accelerating a drop below $60,000 if liquidity remains thin during the holiday period. The break below $68,000 is critical as it could trigger a self-reinforcing sell-off, turning a routine dip into a sharper decline. If prices hold above $68,000, the market may stabilize, but a sustained break could lead to deeper losses driven by hedging flows.

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