$BTC options pricing $70k upside with +35 delta bias while ETF flows printed -$265M Friday. $ETH options magnet at $1,900 but spot can't hold $1,866. Dealers are hedging a rally that capital flows are actively rejecting. The options desk is long gamma above $68k on BTC. If spot doesn't cross that magnet by expiry, the gamma unwind accelerates the bleed.
VALAIShare
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