@devinthedude07
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Photographer | Crypto | NFTs Space Host @ Trading Spaces (🐒previously BAYC #8240 Class of 2021 NFTs)
New York, USA
Joined November 2020
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opensea.io/collection/the-du… – at Minneapolis, MN
So a nothing burger 🍔
Expiry settled. Pin held.
Spot still ~$84.3k. No $8k dump to max pain. Call-heavy book + dealer hedges did exactly what was mapped: price stayed in the $83.5k–$85.5k zone through the 08:00 print.
$85k remains the nearby cap. Tape is sloppy now that the bid can fade.
The next 4 hours are the real test.
BTC Options today and here’s a chart for the visualization
We are holding well above last weeks high (81933) would take losing the high to go back into the weekly range for a chance to go back to weekly lows (74909)
For this expiry, max pain has been quoted around $75,000–$79,000
$16B in BTC options dies in T-minus ~3h 40m.
08:00 UTC.
Spot ~$84k.
Max pain ~$76k.
That’s the trap.
There isn’t enough time left for price to get dragged $8k lower just because “max pain.” Dealers don’t dump that far into a 30-min TWAP.
What actually matters:
The book is call-heavy. A lot of those calls are already ITM. Dealers bought spot/perps to hedge them on the way through $80k–$87k.
After 08:00 that bid can just… leave.
Expected path: • Pin $83.5k–$85.5k into the print
• $85k is the nearby cap
• Sloppier tape after, not a crash
Countdown ends at 08:00 UTC.
The real move is the 4 hours after it.
Today’s the day folks here’s a breakdown!
$16B in BTC options dies in T-minus ~3h 40m.
08:00 UTC.
Spot ~$84k.
Max pain ~$76k.
That’s the trap.
There isn’t enough time left for price to get dragged $8k lower just because “max pain.” Dealers don’t dump that far into a 30-min TWAP.
What actually matters:
The book is call-heavy. A lot of those calls are already ITM. Dealers bought spot/perps to hedge them on the way through $80k–$87k.
After 08:00 that bid can just… leave.
Expected path: • Pin $83.5k–$85.5k into the print
• $85k is the nearby cap
• Sloppier tape after, not a crash
Countdown ends at 08:00 UTC.
The real move is the 4 hours after it.
Another day another dollar to chase after!
16$ billion dollars to be exact!
$16B in BTC options dies in T-minus ~3h 40m.
08:00 UTC.
Spot ~$84k.
Max pain ~$76k.
That’s the trap.
There isn’t enough time left for price to get dragged $8k lower just because “max pain.” Dealers don’t dump that far into a 30-min TWAP.
What actually matters:
The book is call-heavy. A lot of those calls are already ITM. Dealers bought spot/perps to hedge them on the way through $80k–$87k.
After 08:00 that bid can just… leave.
Expected path: • Pin $83.5k–$85.5k into the print
• $85k is the nearby cap
• Sloppier tape after, not a crash
Countdown ends at 08:00 UTC.
The real move is the 4 hours after it.
Devin the Dude retweeted
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Link in bio! 👀
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Be sure to sign up for Trading Spaces Premium for all the educational content you could ask for, as well as the legendary live streams from @Niallmason_4 @realdarkhorse and @MitchellHeins
Link in bio! 👀
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Clean sweep of the previous daily low and reclaim send it above the daily open make it support and we go higher imo
Well that didn’t take long
