1,147 BTC bid at 81,700, only 230 BTC on the biggest offerBitcoin / TetherUSBINANCE:BTCUSDTSwiftEdgeCompared with the last post 2 hours ago, the 80,670 bid went untested, 980 USD from the low; the 81,900 offer did not stop price. ORDER BOOK AT 10:07 UTC 83,240 · 117 BTC offered 83,050 · 230 BTC offered 82,151 · spot 81,960 · 403 BTC bid 81,700 · 1,147 BTC bid (largest in view) Within 1% of mid, 58% of the resting size is on the bid side Largest bid is 5x the largest offer SESSIONS (UTC) Day: up 0.85% so far (low 81,366 at 00:00, high 82,269 at 09:40) Asia: +0.29% (81,366 to 82,050) London: +0.56% so far (81,586 to 82,269), session still open WALL EVENTS (UTC) No new wall events in the report since the last post. Latest listed: 03:46 UTC, ask wall at 82,000 eaten FLOW CVD (4h): +2,747 BTC Last hour: price +0.32%, open interest +0.79% (new longs) Funding: +10.54% annualised Volume POC 81,462, value area 81,200 to 81,850 OPTIONS (GEX, MODEL ESTIMATE) Dealers long gamma (assumption-based model): hedging tends to dampen moves Gamma flip 80,379 Call wall 90,000 (+$49.3M per 1% move), put wall 80,000 (+$41.6M per 1% move) Expiring 08:00 UTC: call wall 82,500, put wall 81,500 Hedging turn point: 80,250 STRUCTURE Range, no clean sequence of highs and lows (HH 82,050, HL 81,629, LL 81,586) 41% of the average daily range used LEVELS TO WATCH 83,050 · biggest offer, 230 BTC, 899 USD above spot 81,700 · biggest bid, 1,147 BTC, 451 USD below spot 80,379 · gamma flip (model): below it, dealer hedging amplifies moves Chart key: violet = offers, teal = bids, amber = options walls (dotted white = gamma flip), dotted grey = POC, arrows = wall events. Descriptive only, not advice; walls can be pulled at any time, and the options read is a model estimate.