What happened
Written from the data, not opinion.
Options positioning puts the call wall at 90,000 and the put wall at 80,000. Dealers are estimated to be long gamma, where dealer hedging tends to dampen moves.
The bid wall at 83,400 held at 10:38 UTC: about 320 BTC traded into it and price turned 89 USD away.
At 12:34 UTC a 274 BTC bid wall at 83,000 was eaten by market orders.
At 16:25 UTC a 305 BTC bid wall at 82,800 was pulled before price reached it.


