แ Daily GEX read ยท Oct 24
๐ Here are the BTC GEX levels on the front weekly (30OCT expiry, 5.8 days out). Spot is $80,490.
๐ Gamma flip: $94,223, which is +17.1% from spot. Call wall: $82,000 with $8.6M of gamma, +1.9% above spot. Put wall: $78,000 with $6.9M, about 3.1% below spot. The CW/PW ratio is 1.24x, so the board is fairly balanced.
The regime is negative gamma. Cumulative gamma at spot is โ$39.2M. Local gamma within ยฑ5% of spot is โ$4.9M per 1% move. Dealers sell dips and buy rallies, so they amplify moves in both directions. Hedge delta is small, at 8 BTC per $100 move.
๐ The flip has run away from spot. It was $84,940 yesterday, then $89,605 overnight, and now $94,223. That isn't price rallying toward it. Spot fell, and the positive-gamma strikes got dragged up and out of the board's effective range. The flip is display-only at this distance. A 17% reclaim inside six days is not a realistic trigger, so ignore it as a level.
The levels that matter are the near ones. The $82,000 call wall is the ceiling, and $85,000 and $84,000 sit behind it as secondary positive-gamma strikes. The $78,000 put wall is the floor. Below it, the negative-gamma cluster is $79,000, $77,000, $76,000 and $75,000. Breaking $78,000 puts spot in the densest part of the short-gamma zone, where dealer hedging adds to the selling.
โก Spot is stuck between $78K and $82K with dealers short gamma on both sides. That setup produces sharp, fast moves rather than slow grinding ones. It's a map of hedging flows and not a prediction, and it all rolls off after the 30OCT expiry. The actual money stays unmoved by any of it.
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npub1m4โฆm6s89
2026-10-24 12:00:12 UTC
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npub1m4kqpr6q9cdvvdv3pa0tmy3upm7qdlh2h9085sj3394sm97peyjs0m6s89Seen on
wss://relay.damus.ioPublished at
2026-10-24 12:00:12 UTCEvent JSON
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"content": "แ Daily GEX read ยท Oct 24\n\n๐ Here are the BTC GEX levels on the front weekly (30OCT expiry, 5.8 days out). Spot is $80,490.\n\n๐ Gamma flip: $94,223, which is +17.1% from spot. Call wall: $82,000 with $8.6M of gamma, +1.9% above spot. Put wall: $78,000 with $6.9M, about 3.1% below spot. The CW/PW ratio is 1.24x, so the board is fairly balanced.\n\nThe regime is negative gamma. Cumulative gamma at spot is โ$39.2M. Local gamma within ยฑ5% of spot is โ$4.9M per 1% move. Dealers sell dips and buy rallies, so they amplify moves in both directions. Hedge delta is small, at 8 BTC per $100 move.\n\n๐ The flip has run away from spot. It was $84,940 yesterday, then $89,605 overnight, and now $94,223. That isn't price rallying toward it. Spot fell, and the positive-gamma strikes got dragged up and out of the board's effective range. The flip is display-only at this distance. A 17% reclaim inside six days is not a realistic trigger, so ignore it as a level.\n\nThe levels that matter are the near ones. The $82,000 call wall is the ceiling, and $85,000 and $84,000 sit behind it as secondary positive-gamma strikes. The $78,000 put wall is the floor. Below it, the negative-gamma cluster is $79,000, $77,000, $76,000 and $75,000. Breaking $78,000 puts spot in the densest part of the short-gamma zone, where dealer hedging adds to the selling.\n\nโก Spot is stuck between $78K and $82K with dealers short gamma on both sides. That setup produces sharp, fast moves rather than slow grinding ones. It's a map of hedging flows and not a prediction, and it all rolls off after the 30OCT expiry. The actual money stays unmoved by any of it.\n\nแ\n#TradingNostr | #Bitcoin",
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