Market orders took 122 of the 136 BTC on the 81,900 offerBitcoin / TetherUSBINANCE:BTCUSDTSwiftEdge122 BTC traded into the 81,900 offer at 09:06 UTC in the London session, and the wall was eaten (136 BTC had been resting there). The biggest offer on the book now sits lower, at 81,560 (111 BTC). ORDER BOOK AT 19:34 UTC 81,560 · 111 BTC offered 81,400 · 89 BTC offered 80,909 · spot 80,850 · 655 BTC bid (largest in view) 79,855 · 383 BTC bid Within 1% of mid, 63% of the resting size is on the bid side Largest bid is 5.9x the largest offer SESSIONS (UTC) Day: down 0.43% so far (high 82,269 at 09:40, low 80,956 at 15:40) Asia: +0.29% (81,366 to 82,050) London: -0.19% (81,444 to 82,269) New York: -0.52% so far (80,956 to 81,530), session still open WALL EVENTS (UTC) 01:19 Asia · bid wall at 81,400 (150 BTC) PULLED: 150 BTC removed in 0.2 s, before price reached it 02:03 Asia · ask wall at 81,730 (62 BTC) HELD: about 50 BTC traded into it, then price turned 118 USD 03:46 Asia · ask wall at 82,000 (145 BTC) EATEN: market orders took 146 BTC 09:06 London (new) · ask wall at 81,900 (136 BTC) EATEN: market orders took 122 BTC 11:54 London (new) · bid wall at 81,960 (416 BTC) PULLED: 401 BTC removed in 0.3 s, before price reached it FLOW CVD (4h): -821 BTC Last hour: price -0.22%, open interest -0.07% (long liquidation) Funding: -0.56% annualised Volume POC 81,138, value area 80,975 to 81,750 OPTIONS (GEX, MODEL ESTIMATE) Dealers long gamma (assumption-based model): hedging tends to dampen moves Gamma flip 80,215 (the model's hedging turn point is right there too, 80,250) Call wall 90,000 (+$42M per 1% move), put wall 80,000 (+$56.6M per 1% move) Expiring 08:00 UTC: call wall 82,500, put wall 80,000 STRUCTURE Higher highs and higher lows (HH 81,244, LH 81,222, HL 80,992, LL 80,956) 63% of the average daily range used LEVELS TO WATCH 81,560 · biggest offer, 111 BTC, 651 USD above spot 80,850 · biggest bid, 655 BTC, 59 USD below spot 80,215 · 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.