Record 10.6 Billion Bitcoin Options Expiry Lands Today With Dealers in Negative Gamma Near 143000 BTC

Bitcoin is facing its largest quarterly options expiry on record today, with about 10.6 billion in contracts set to settle. Dealer positioning has flipped to negative gamma near 143000 BTC, which can amplify price swings, and Bitcoin is trading below the estimated gamma flip zone around 68000 to 70000 while support near 60000 is in focus.