BTC options positioning has consolidated around a narrow set of strikes. The largest short dealer exposure anchored is at $60k . Collectively, downside exposure is heavily concentrated within the $60k to $62k range. Above spot, long dealer exposure is distributed more broadly across the $70k to $80k range, with the largest single position at $80k Overall strike concentration has increased relative to prior sessions. A larger share of total options exposure is now centered around fewer strikes, producing a more defined positioning profile. Liquidity conditions, systematic hedging flows, and realized volatility remain directly linked to these concentrations particularly the $60k to 62k region, which represents the principal risk trigger in the near term. Important to note that these do not include IBIT data(Greeks.live)