BTC options positioning remains concentrated across a relatively narrow range of strikes, with negative gamma continuing to cluster below spot, primarily around the $50k-$60k region. Relative to previous sessions, downside exposure has become more localized, while positive gamma has shifted higher and is now concentrated across the $65k-$73k range. The largest positive gamma concentrations are centered near $65k, $67k, $69k, and $71k, with additional positioning extending toward $75k-$81k. Rather than a single dominant gamma wall, the current profile reflects a sequence of medium sized positive gamma clusters, resulting in a more distributed dealer positioning profile above spot. The structure continues to be driven primarily by July, August, and September expirations, with comparatively limited front week positioning. Medium term maturities therefore account for the majority of dealer gamma exposure, while longer dated expirations remain relatively lightly positioned. Overall, the current GEX profile is characterized by concentrated downside gamma below the prevailing trading range and a broad positive gamma corridor extending from the mid $60k into the low $80k region. These strike clusters continue to represent the largest concentrations of dealer positioning and remain the primary areas shaping options market structure. Important to note that these do not include IBIT data(Greeks.live)