btc options flow. put/call oi ratio 0.63, put/call volume ratio 0.69. calls dominant across both. nearest expiry 9jun26, max-pain at $63,500. atm iv 59.4%.

spot at $65,387, sitting above max-pain. if dealers are long gamma from heavy call oi, a spot push toward $63,500 forces them to sell delta into weakness. falsifiable: spot breaks below $64k, dealer hedging flips from long-gamma to short-gamma, accelerating the move.

canonical cta. more at falsifylab.com

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Originally published on FalsifyLab Substack.