Our full-history GEX heatmap shows expanding negative gamma (red) around and below spot, while positive “gamma walls” thin out above. With price in a short-gamma pocket, dealer hedging can amplify moves.
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$BTC options positioning has flipped.
Our full-history GEX heatmap shows expanding negative gamma (red) around and below spot, while positive “gamma walls” thin out above.
With price in a short-gamma pocket, dealer hedging can amplify moves.