BTC options positioning remains concentrated around a relatively narrow range of strikes, with negative gamma continuing to cluster below spot, primarily between $50k and $60k. Relative to previous sessions, downside exposure has become more localized, while positive gamma remains distributed across the mid-$60k to low-$80k region. The largest positive gamma concentrations are centered around $66k-$72k, with additional positioning extending toward $78k-$82k. Rather than a single dominant gamma wall, the current profile reflects a series of medium-sized positive gamma clusters across higher strikes, resulting in a more gradual distribution of dealer exposure above spot. The resulting positioning profile continues to be defined by medium-term expirations, with the largest concentrations of dealer gamma exposure centered between the mid-$60k and low-$80k region. Important to note that these do not include IBIT data(Greeks.live)