btc at 80k. put/call oi ratio 0.69, volume ratio 0.71. calls still dominate, but vol skew is slightly less bearish than oi skew. nearest expiry max-pain at 79k, atm iv 28.4%.

falsifiable: if spot holds above 80k into expiry, dealer gamma flips from short to long as delta-hedged calls force buybacks into open interest above 80k. if spot drops below 79k, dealers unwind those hedges and accelerate the move.

canonical cta: more at falsifylab.substack.com

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Originally published on FalsifyLab Substack.