→ 63.9K GEX Flip has now been reclaimed. Buyers have defended the flip and delivered acceptance above it, shifting the focus toward the 65K call wall.
→ Dealers remain deep long gamma, keeping volatility contained and pullbacks orderly. Dips are more likely to find buyers, while breakouts still require genuine spot participation rather than perp-driven chasing. Dealers also remain net short delta.
→ Sustained acceptance higher increases the probability of dealer hedging supporting continuation. Calls continue to dominate positioning, with only a slight preference for calls over puts and little demand for downside protection.
→As long as GEX Flip holds, 65K remains the next target. A clean acceptance above there opens the path toward the high-volume call strike at 66K and 68K.
"The options market remains supportive, but spot buyers still need to do the heavy lifting"
#Optionsflow
@JordiCharts Tricky as this rally up is mainly perps…usually they get faded soon, why do you think perps are pushing price higher without much pullback for now ?
@TraderZayn MVwap bounce at 62.4k…poor highs/single print at 64.6k. Spot aggression very high…higher chance of upside…looking at 65k liquidity first target…let’s see aha