Coinbase Report Warns: Bitcoin Selloff Towards $60K May Accelerate Violently

Coinbase's BTC Practical Playbook report has identified key levels for Bitcoin (BTC) in its options market gamma exposure data. The report suggests that downside moves towards $60,000 could accelerate violently, while upside grinds toward $90,000 are more likely to stall and consolidate.

The densest support cluster sits near $60,000, with a pronounced negative gamma band in the $60,000-$70,000 region indicating that dealer hedging could amplify a selloff rather than cushion it. In contrast, positive gamma pockets at $85,000 and $90,000 suggest that hedging flows would work against momentum and increase the odds of price 'pinning' near those strikes.

The report outlined four tactical scenarios, including a rejection at $82,000 favoring bearish option spreads and a breakout above $82,000 favoring call spreads into the $85,000-$90,000 zone. The practical implication is that BTC's path to $60,000 carries structurally more risk of violent overshooting than the path to $90,000.