if you're day trading btc without looking at options gamma, you're gambling

idk how many people here actually look at deribit data, but the "magnet" effect is very real and it'll wreck your pnl if you ignore it.

basically, if there's huge open interest at a certain strike (like 70k or 75k), the dealers have to hedge so aggressively that they basically pin the price there heading into expiry.

if the market is in "positive gamma," the range stays super tight because dealers are essentially forced to buy every dip and sell every rip to stay neutral. if you're trying to play breakouts on a high positive gamma day, you're literally just providing exit liquidity for the market makers.

check the GEX profile before you enter a trade. if it's positive, play the range. if it flips negative, that's when the real 5-10% trending moves happen.