$75K Remains $BTC ’s Magnet and Ceiling
$71,387 spot
$67,747 gamma flip
$75K max gamma
$75K call wall
$70K put wall
+$82M net gamma
52.0% realized vol
0.23% funding APR
Positive gamma is still in control, so dealer hedging is more likely to suppress volatility than amplify it.
Funding is still low. This still does not look like retail FOMO.
Key expiries:
March 20: 12.7% of gamma rolls off
March 27: 40.1% rolls off
If BTC keeps leaning on $75K into March 27, that ceiling can weaken fast.
Until then, $75K is still both the magnet and the ceiling.
Markets don’t move in straight lines, and what we’re seeing today in the S&P 500 through $SPYon is a real test of buyers’ conviction.
The index has bounced from key technical and historical support levels (the 200 EMA),
a “safety zone” closely watched by major institutions.
Despite this rebound, the picture remains unclear as long as price stays below the 50-day moving average.
The reality is that the excessive optimism that dominated 2025 is now colliding with harsher economic conditions.
We are in a gray zone.
The current bounce could simply be a “bear market rally” before a move to lower levels,
or the early stage of building a new bullish base.
At this stage, capital preservation matters more than chasing quick profits.
The market always offers opportunities, but it does not forgive impatience.
What’s your view on the next move?
Are we starting a recovery… or heading toward a deeper bottom?
🚨 BIG CRASH IN MARKETS AS ISRAEL STRIKES IRAN’S MOST CRITICAL ENERGY INFRASTRUCTURE
South Pars, which supplies 70% of Iran’s domestic gas and a major share of fuel for power plants, has been hit.
Iran’s electricity generation is directly at risk since power plants rely heavily on this gas supply. If gas flow drops, power plants cannot generate electricity, leading to nationwide electricity disruption.
Gold is down 2% in the last 3 hours, wiping out $680 Billion.
Silver is down 2.5%, erasing $110 Billion.
Bitcoin is down 2.70%, wiping $38 Billion.
And Oil is above $97 again after this news.
All this happened in just 3 hours.