BTC slipping under $65K would be terrifying.

There's a band of negative gamma stacked between $60k and $65k, with net dealer gamma sitting short at -$10.8M across all six venues. Below this level dealers hedge by buying into strength and selling into weakness, which adds fuel to moves in both directions instead of dampening them.
The positive gamma is mostly above spot, so it acts more like a cap. The slippery side is underneath. Lose $65k and a sharp enough drop can cascade as each level gives way.
Short gamma means more volatility, not less. And there's still a decent number of people who don't think BTC has bottomed.
The kicker is FOMC today. A hold is basically priced in, so the real risk isn't the rate, it's Warsh's first dot plot and presser with inflation still running hot. A hawkish lean there is exactly what could knock BTC through the level.
BTC better not lose this ground.