$BTC’s $65,000 Pin Expires Tomorrow Spot: $64,807 On July 31: • 44% of gross gamma expires • Current dealer-GEX proxy: −$116M per 1% move • With no equivalent replacement, modeled GEX resets to −$40M • Gamma flip falls from $62,849 to $61,949 That could remove much of the derivatives structure currently pinning $BTC near $65,000. If price breaks higher, the model’s +5% scenario implies approximately $541M of dealer buying. Direction is not guaranteed. But above $65,000, the structure can shift from pinning price to chasing price. Next major call zone: $70,000 #Bitcoin
DavidShare
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