Bitcoin (BTC) GEX — week of 22–28 Jun 2026

Gamma flip, P1 and N1 from each daily snapshot (08:00 UTC), all expirations

Above the flip
1 of 7days in positive gamma
Flip range
60,046 – 64,574
Spot, week
-6.5%64,198 → 60,009

BTC was above the gamma flip on 1 of 7 days and below it on 6. The flip ranged from 60,046 to 64,574. Spot went from 64,198 to 60,009 (-6.5%) by the next week's first snapshot. The median next-day move was 0.5% after positive-gamma days and 0.8% after negative-gamma days. The largest next-day move, -2.6%, followed the 25 Jun snapshot (negative gamma).

59,684 60,997 62,310 63,623 64,936 Mon 22 Tue 23 Wed 24 Thu 25 Fri 26 Sat 27 Sun 28
Spot Gamma flip · dots: positive / negative gamma

Daily snapshots

SnapshotSpotGamma flipSpot vs flipP1N1RegimeNext day
22 Jun 07:58 UTC 64,198 64,389 -0.3% 67,000 60,000 Negative -2.0%
23 Jun 08:00 UTC 62,883 64,574 -2.7% 80,000 60,000 Negative -0.4%
24 Jun 08:00 UTC 62,654 64,214 -2.5% 80,000 60,000 Negative -1.2%
25 Jun 08:02 UTC 61,890 63,239 -2.2% 80,000 60,000 Negative -2.6%
26 Jun 08:07 UTC 60,308 60,773 -0.8% 80,000 60,000 Negative +0.3%
27 Jun 07:57 UTC 60,514 60,046 +0.8% 64,000 60,000 Positive -0.5%
28 Jun 08:00 UTC 60,211 60,271 -0.1% 64,000 60,000 Negative -0.3%

"Spot vs flip": how far spot sat above (+) or below (−) the flip. "Next day": spot change to the next daily snapshot. P1 / N1: the strikes with the largest positive and negative gamma. How the levels are computed: methodology.

BTC gamma exposure today

Today's flip, P1, N1 and max pain are on the BTC GEX page. In the app the levels update every 15 minutes, and the Time Machine replays any past moment.

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Levels as published on each day from that day's options open interest; venue coverage has grown over time. Educational information, not investment advice.