UPDATE +GIFT ๐ ๐ซ ๐ ๐ ๐ ๐ ๐งง
DECEMBER 26: THE TURNING POINT
You already know, but Bitcoin has been stuck between $85k-$90k for weeks.
This range has nothing to do with buyers or sellers changing their mind.
Itโs options mechanics doing the work.
But that changes in 48 HOURS.
Here is why:
This market is being dictated by GAMMA.
Hereโs the setup.
Around 85K sits the largest block of put exposure on the board, right at max gamma.
As spot drifts lower, dealer hedging kicks in, forcing spot buying that absorbs sell pressure and keeps price from accelerating lower.
Every dip stalls because hedging absorbs it, thatโs not organic demand at all.
Above price, near 90K, the same mechanics work against the bulls.
Near 90K, call exposure forces dealers to sell as price climbs, which mechanically slows any push higher.
But in 48 hoursโฆ EVERYTHING CHANGES.
This pressure will be completely GONE.
This structure isnโt permanent.
A major options expiry ($23 BILLION) lands on December 26, and it removes nearly half of the total gamma in ONE EVENT.
When that pressure comes off, the range stops working.
No more forced buying below, no more forced selling above.
Price stops reacting to hedging flows and starts reacting to real buying and selling again.
Where price goes next comes down to one thing: where spot is trading when that hedging pressure finally disappears.
And without knowing the gamma map, youโre always late to the move.
Btw, Iโve been studying macro since 2003, and Iโve been in Bitcoin since 2013. I called the last 2 major market tops and bottoms.
When the next bottom is in and I start buying BTC again, Iโll say it here publicly so you can copy my moves.
If you still havenโt followed me, youโll regret it.
$POWER
{future}(POWERUSDT)
$BEAT
{future}(BEATUSDT)
$RAVE
{alpha}(560x97693439ea2f0ecdeb9135881e49f354656a911c)