80K Is Now the Magnet and the Wall.

It is being mechanically capped.

Spot: $77,416

Net gamma: +$166M

Gamma flip: $70,150

Realized vol: 42.1%

Structure:

80K is now the max gamma strike

80K is now the call wall

75K is still the put wall

The breakout is still being suppressed.

But the suppression zone has been repriced from 75K toward 80K.

That is why $BTC can look flat without actually being weak.

The real trigger is April 24.

That is when 40% of total gamma rolls off.

Until then, price can stay pinned near 75K while upside keeps getting sold into below