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It’s been a long time in the making, but today BackQuant Terminal is launching. A lot of you have asked for GEX, options analytics, liquidation maps, and all the core stuff in one place, so I built it. There are 55+ charts on day one, plus a Custom page where you can build your own terminal layout so you don’t have to keep clicking around all day. Here’s a quick rundown of the pages: Markets - Cross-asset overview, price and momentum, returns, correlation Gamma Exposure (GEX) - GEX suite, by strike, levels, walls, plus a few extras Perps - Aggregated perp metrics and quick market overviews Options - Greeks by strike, OI, volatility, term structure type charts Liquidations - Liquidation maps, distributions, heatmaps Trend - Trend and impulse model (more coming very soon) Macro - Regime style dashboards and key macro charts Equities - Breadth, sector style spreads, risk sentiment gauges Custom - Put anything you want on one page and build it around your daily flow This is just the beginning. I’ve got a lot planned next, more assets, more trend models, refining the models, and adding more interactive tools. Right now it’s on founding pricing with a 3 day trial. If you try it, I’d appreciate feedback. Join the Discord & tag me! Here's a quick peek:

Gamma exposure by Strike:

$BTC Perps are still leading here. Perp CVD is pushing higher while spot CVD remains weak/ negative across most venues. The market is still trading the de-escalation pricing from the Trump headlines, despite the statements from Iran and Israel. Gamma exposure is positive around spot, so further moves are getting dampened 0DTE & All Expiry GEX levels have put support at 71k. That's a level to hold, but overall this still looks fragile.

Lots of negative gamma exposure across US equities. More fuel for a volatile news day.

x.com/BRICSinfo/stat… lol

Repricing on Trump Iran peace talks. Alongside this yields globally have been pushing higher -> tighter financial conditions. So even with talks progressing and refinery damages across the Gulf oil supply risk is still high. if peace is achieved today inflation stays sticky, cuts are still fully priced out. Macro headwinds for risk aren't going anywhere. Gamma exposure is positive too, so the move is likely to be contained... here are the levels:

$BTC OI is up 2x more than price in the most recent move, leverage is clearly building into this range. From an options side, gamma exposure is positive around spot, which should keep things more pinned. 0DTE put/ call is ~1.32 (put skew) and 25 Delta skew is +1.5%, so puts are trading richer than calls. Clear downside hedging sitting in the market. Some macro events today too. PPI & Core PPI, plus FOMC. CME FedWatch is pricing ~99% chance of no change, but the hike probability has ticked up slightly since the beginning of the week. Cuts could be getting priced out, likely in part with oil keeping inflation sticky and war is not good for economic growth. But overall for now nothing directional, more so just positioning building.

@EDITINGLABB Give this a read, I explained it in detail x.com/backquant/stat…

@backquant What’s gamma exposure

$BTC OI starting to rebuild. Perp CVD is noticeably stronger than spot CVD, though both are positive. There is a lot of gamma exposure sitting around 73-75k, which means price can stall there. Short-term heatmap has strong negative gex around 72k. Right now it doesn't look like any directional strength even on the daily, just positive drift

reversal bands aren't happy with the pa

gamma exposure & speciality analytics: backquant.com best charting: kiyotaka.ai

$BTC Gamma exposure is pretty neutral here, so we're not in an acceleration regime right now. Next 0DTE GEX level sits around 71.5k, which is basically the first mechanical support if price starts leaning lower. OI is flattening and you can see longs starting to close after the push. Not aggressive shorting yet, more positioning getting cleaned up. The interesting part is above 74k. There was a decent amount of shorting into the trend up, so if price pushes through that area there’s room for a squeeze. For now though structure is pretty balanced. Neutral gamma, positioning cooling off, and price sitting between the key levels. Probably just rotation around the GEX levels unless flows expand.

@almacroinvestor GM 🤝

@backquant Cap🫡🤝

Inflation might pick up; weak jobs + energy spike = stickier path. Chances of more than one rate cut this year now very slim. We could see a hawkish Fed lean next week, the pivot is unlikely. This would require seeing some bad numbers for Feb (8:30am ET 11th). Then probably worsening of conditions/ the US not being able to sustain getting ships safely through the Strait of Hormuz for now, just geopolitical-driven vol. BTC inflation hedge could be returning but really not a strong risk bid. Volume remains low, just a relief rally anyways, here is an update on the 0DTE GEX Levels and All Expiry Strike Profile

How to use the markdown notes on the custom terminal and share your own: Access it here: backquant.com Gamma Exposure indicator to paste levels into tradingview.com/script/nyyInUl…

Pushed a pretty big update to the terminal over the last couple weeks. Crypto options data is also now aggregated across Deribit, Bybit, OKX and Binance, with the ability to filter by exchange if you want to see how positioning differs across venues. Main one people have asked for is US equities options GEX, which is now live for 28 symbols including SPX, NDX, RUT, VIX, plus the usual large caps and ETFs. So now you can track dealer positioning across both crypto and equities in the same GEX page. Other additions: > 0DTE + All-Expiry GEX Top 10 levels on the short-term gamma chart > Gamma level change alerts so you can see when positioning shifts > Custom timezone settings across the entire terminal > Dashboard sharing + syncing, so you can share layouts or fork other people's dashboards > Markdown notes support directly inside the custom dashboard You can also copy GEX levels directly from the terminal and plot them on TradingView with the open-source Gamma Exposure Levels indicator, which I will link below Still a lot more coming, but the options and GEX side of the terminal is getting pretty complete now. If you want to check it out, link is below

@crypticcy Sorry for the slow reply, but yea since we were at range highs without the condition for a breakout it was likely especially considering most of the move to range highs was leverage build up

Market Update Seeing a relief rally here with open interest up about 2x more than price. Leverage is building heavy into this push higher We're also sitting at range highs with strong positive gamma exposure across all expiries & specifically 0DTE, which is probably going to dampen volatility with a slower follow-through, unless flows really expand. BTC ETF flows have been positive across the board, so passive demand has been supportive of the move for now. Macro-wise, ISM Manufacturing PMI is still in expansion at 52.4, but it's not super strong. Plus with oil keeping inflationary pressure elevated, it's unlikely the Fed is going to cut in two weeks even if growth starts to soften. We'll probably get a better read on that with Non-farm payroll & unemployment data Friday For now it's just a relief rally with an upside cap.

@crypto_mazino yes sir, thank you 🤝

@backquant Can't stress enough how this is going to be the most relevant tool in a trader's kit moving forward. Amazing work brother

0DTE Gamma Exposure Levels are now live on the BackQuant Terminal. This tracks same-day dealer positioning and shows where hedging pressure is concentrated into expiry. These are not just random lines. They're mechanical zones where volatility can compress or accelerate depending on gamma positioning. Useful for: > Perp traders > Intraday scalpers > Momentum traders > Structure break traders You're not just seeing Call Resistance and Put Support. You're seeing where large gamma actually sits and how it can impact price.

I've also added 0DTE GEX By Strike Profile, incl the ability to copy the levels to clipboard fast. Check it out and give me some feedback so I can make this the best possible! backquant.com

What’s included: All Expiries: - Gamma Flip (HVL) - Call Resistance - Put Support 0DTE: - Expected Daily Move (±1 SD) - 0DTE Gamma Flip - 0DTE Call Resistance - 0DTE Put Support Plus: - Top 10 GEX strikes ranked by absolute gamma - Max Pain - Zero Gamma - All Gamma Flip Zones You can see where hedging is strongest, which strikes act as magnets, and where volatility can expand or get suppressed. This is the positioning behind squeezes, pinning, and fast flushes, not just price action in isolation.