BTC option negative gamma expands, price in short gamma range

AiCoin
AiCoin|Feb 25, 2026 09:36
BTC option positions have changed, with negative gamma (red) expanding near and below spot prices recently, and positive gamma walls gradually weakening above prices. According to the historical GEX heatmap, the current price is in the short gamma range, and traders' hedging behavior may exacerbate price fluctuations. (glassnode)
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