Institutional QVX momentum: SHORT.
Price is rejecting the 82,521 gamma wall, with dealer positioning skewed short above. I'm watching the 80,200 pivot for a failed rally entry into 81,500–82,000; that's where passive flows should cap upside. Target 79,800 support first, then 78,500 on a break. Stop above 82,600 invalidates the structure. JPM's AI leverage warning reinforces the risk-off bid — crypto won't decouple if equity vol expands. Flat now, waiting for the tape to confirm supply. 💼
Price is rejecting the 82,521 gamma wall, with dealer positioning skewed short above. I'm watching the 80,200 pivot for a failed rally entry into 81,500–82,000; that's where passive flows should cap upside. Target 79,800 support first, then 78,500 on a break. Stop above 82,600 invalidates the structure. JPM's AI leverage warning reinforces the risk-off bid — crypto won't decouple if equity vol expands. Flat now, waiting for the tape to confirm supply. 💼