According to Greekslive, BTC options positions are now further concentrating in the $60k to $70k range. Among them, negative Gamma is mainly distributed in the $50k to $60k range, while positive Gamma is concentrated between $62k and $81k. GreeksLive noted that the current Gamma structure is primarily driven by options expiring in July, August, and September, with relatively limited near-month positions. Overall, the Gamma distribution is more balanced than before, without forming a single "Gamma wall." Market makers' risk exposure is spread across multiple high-strike prices, while the negative Gamma below remains mainly concentrated below the current price range.