BTC options positioning has become increasingly concentrated around the low-$60k to low-$70k region. The largest negative gamma exposure remains clustered between $50k and $60k, while positive gamma is distributed primarily across the $62k-$81k range, with the most notable concentrations near $63k, $66k, $69k, $72k, $75k, and $80k. The current structure is largely driven by July, August, and September expirations, with comparatively limited front-week positioning. Relative to earlier sessions, gamma exposure has become more balanced around spot, while the majority of positive gamma remains concentrated in medium-term maturities. The distribution of gamma suggests a more gradual transition from negative to positive exposure across the strike curve rather than a single dominant gamma wall. Dealer positioning is therefore spread across multiple higher strikes, while downside gamma remains concentrated below the current trading range. Important to note that these do not include IBIT data(Greeks.live)