Bitcoin: Gamma Clusters Shift Higher to $65k-$73k

Bitcoin options positioning keeps negative gamma clustered below spot in the $50k-$60k region while positive gamma has moved higher into a $65k-$73k corridor with peak clusters at $65k, $67k, $69k and $71k.

Medium-term July through September expirations drive the bulk of dealer gamma exposure, creating a distributed positive gamma corridor from the mid-$60k zone into the low-$80k area rather than one dominant wall.

BTC trades at $62260.01 beneath EMA50 resistance at $63211.17 and EMA200 at $63843.39 in a bearish structure, with MACD at -110.09 confirming the death cross and price testing the lower Bollinger band support at $62653.47, suggesting further downside pressure before any sustained move toward the $65k gamma clusters.