$BTC is being mechanically pinned near 75K and capped below 80K.

BTC is not failing at 80K.
It is being mechanically capped below it.

75K is the magnet.
80K is the wall.

Spot: $75,803
Net dealer GEX: -$149M
Gamma flip: $71,156
Call/put gamma asymmetry: 1.48x
Realized vol: 43.0%
Funding: 0.77% APR

Structure:
75K = max gamma strike
75K = put wall
80K = call wall

This is pinned price action, not weak price action.

The real trigger is April 24.

$203M of gamma expires then, equal to 43.1% of total exposure.

Until that rolls off, BTC can stay glued near 75K while upside gets sold into below 80K.