Bitcoin: Gamma Clusters Tighten Below $60k Spot

Bitcoin options positioning shows negative gamma concentrated between $50k and $60k, with positive gamma clusters now spread from the mid-$60k region up to $82k.

Dealer exposure lacks a single dominant wall above spot and instead features medium-sized clusters centered on $66k-$72k, extending toward $78k-$82k, all driven by medium-term expirations.

BTC trades at $62438.04 inside its Bollinger band on the 4h chart, with EMA50 at $61835.17 acting as immediate support and EMA200 at $64382.24 capping upside; MACD death cross at 460.64 signals fading momentum while RSI at 51.83 stays neutral, suggesting price may test the lower band near $61882.87 before any sustained move toward upper resistance at $63609.68.