Now, $75,000 is the focal point.
$70,000 is the minimum.
$71,546 is the spot market price.
$70,494 is the gamma reversal point.
The reason:
Net gamma jumped from $44 million to $99 million.
The spot market price is above the reversal point again.
The maximum gamma has moved to $75,000.
This leads to a more stable range, helping traders keep the price around $75,000, while $70,000 acts as support.
Financing is still low.
There is no real fear of missing out among traders so far.
March 27 is the catalyst:
46.5% of total gamma expires.
If the price of Bitcoin continues to rise towards $75,000 before expiration, this barrier may weaken quickly after decoupling.
The main takeaway:
Bitcoin is no longer struggling to reclaim $70,000. It is now trading within a defined range between the support level of $70,000 and the resale cap of $75,000.
Please follow up
