The market is moving in a boring manner, so why not continue studying #BTC options and compare three GEX tools: they all confirm that the 90K level is a price quagmire, with 88K and 92K being the key inflection points after that! I've been researching GEX for a week or two now and found that the calculations for GEX vary across different tools. Currently, I'm still verifying which tool's model is more accurate. Let’s take a collective look at them today. --- **Chart 1: Cryptogamma** This is a relatively new tool, and the author hasn’t even fully written clear documentation yet. However, based on prior validation, the understanding seems reasonable. From this tool, it can be observed that the 88K–92K range is quite mixed, with a slightly positive gamma state. Positive gamma generally dampens volatility. However, if the price falls below 88K, it will enter a negative gamma zone, which will accelerate volatility. (This aligns with the price chart: 88K has acted as support twice already. If it breaks below 88K and fails to recover, it could slide down into the 87K–85K range.) Above 92K, it's all positive gamma areas, which will reduce volatility. This implies that if the price wants to rise further, it won't skyrocket but will grind upward slowly. (This aligns with the significant sell pressure above 94K.) --- **Chart 2: Laevitas** This is a recently acquired tool and seems more professional overall. Here's the GEX analysis based on their data: Currently, the 90K level is in a large positive gamma zone, suppressing volatility. (This matches the sticky and sluggish price action around 90K from yesterday to today.) 89K–91K are neutral zones and will not have a significant impact on price movement. 88K has only a small negative gamma. If the price falls below 88K and fails to recover, it will slightly accelerate the downward movement. Below that, at the 87K–85K level, there’s another large positive gamma buffer zone, which could act as a potential stopping point for the decline. Looking upward: The 92K–93K level is a negative gamma zone, meaning that if the price stabilizes above 92K, volatility will increase, potentially leading to further upward movement. However, the 94K–95K level is another positive gamma buffer zone, suggesting that if the price rises to this level, it would encounter significant resistance. (This also aligns with the selling pressure above 94K.) If the price can break through to the 96K area, a massive gamma zone starts at 96K, which would amplify volatility. If 96K is breached and stabilized, it might pave the way for a strong rally toward 98K or even the 100K mark. However, 100K is another positive gamma buffer zone, making a breakthrough at that level challenging. --- **Chart 3: Kingfisher** Currently, this tool shows an all-screen positive gamma, which is consistent with the positive gamma state around 90K inferred from the other two tools. However, the data for other zones appears abnormal, so it is not currently being considered for reference. --- **Conclusion:** The consensus among the tools is that the 90K level is a positive gamma zone. The market is also exhibiting typical positive gamma behavior (with volatility suppressed, oscillating around 90K). The critical price levels are around 88K and 92K. What happens after breaking these two levels will help determine which tool is more accurate. (For example, where the price stops after breaking below 88K or whether upward movement accelerates or decelerates after breaking above 92K.)