🔥 BITCOIN COMPRESSION ALERT: THIS IS NOT DISTRIBUTION!

$BTC is sitting below the long-term trend line 26.7% down from the power-law value. Prior cycles were overheated here—this one is not. That is the anomaly.

• Leverage is calm (~1.5% APR).

• ETF flows are slowing.

• Structure, not sentiment, is in control.

The massive restraint is Options gamma expiring around Jan 30. This removes the mechanical pin. When the hedge unwinds, movement is imminent. The market is compressed. Compression breaks.

#Bitcoin #CryptoAnalysis #MarketStructure #GammaSqueeze 🚀

BTCUSDT

Perp

69,708

+1.16%