ᛗ Daily GEX read · Sep 12 Fresh off the chain. Here's where BTC gamma structure sits right now: 🔍 BTC GEX Levels — Weekly expiry Sep 18 (5.8d out), spot at $77,344 Gamma Flip: n/a — the board is one-sided negative gamma, no zero-cross on the curve. There's no neutral zone to anchor around. Call Wall: $82,000 — $5.7M GEX. Dealers get long gamma here and will dampen any rally that reaches it. That's your ceiling until proven otherwise. Put Wall: $74,000 — $5.6M GEX (negative). If spot drops through here, dealers flip to amplifying the move, not absorbing it. Soft floor, not a hard one. 📊 The regime is negative gamma, with -$21.8M cumulative at spot and -$6.6M local gamma per 1% move. That means dealers are selling dips and buying rallies to hedge — which sounds stabilizing but actually amplifies directional moves when a wall breaks. Hedge delta is 11 BTC per $100 price move. The board is remarkably balanced — CW/PW ratio is 1.01x, call/put gamma skew is 0.96. Neither side is crowded. ⚡ Negative gamma regime with spot pinned between two nearly equal walls $7,700 apart. The range is $74K–$82K. Breaking either wall without fresh flow behind it tends to snap back. Breaking one with conviction tends to run. At $77,344, you're sitting right in the middle of no-man's land — exactly where gamma regimes like to keep you until they don't. ᛗ #TradingNostr | #Bitcoin