Bitcoin (BTC) GEX — week of 26 Oct – 1 Nov 2026

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

Above the flip
5 of 7days in positive gamma
Flip range
77,237 – 80,024
Spot, week
-2.3%79,932 → 78,086

BTC was above the gamma flip on 5 of 7 days and below it on 2. The flip ranged from 77,237 to 80,024. Spot went from 79,932 to 78,086 (-2.3%) by the next week's first snapshot. The median next-day move was 0.8% after positive-gamma days and 1.6% after negative-gamma days. The largest next-day move, -2.3%, followed the 29 Oct snapshot (negative gamma).

76,924 78,058 79,192 80,327 81,461 Mon 26 Tue 27 Wed 28 Thu 29 Fri 30 Sat 31 Sun 1
Spot Gamma flip · dots: positive / negative gamma

Daily snapshots

SnapshotSpotGamma flipSpot vs flipP1N1RegimeNext day
26 Oct 08:03 UTC 79,932 79,332 +0.8% 90,000 78,000 Positive -0.2%
27 Oct 07:59 UTC 79,806 79,656 +0.2% 90,000 78,000 Positive +1.7%
28 Oct 08:08 UTC 81,148 79,449 +2.1% 90,000 78,000 Positive -1.5%
29 Oct 07:57 UTC 79,890 80,024 -0.2% 90,000 79,000 Negative -2.3%
30 Oct 08:09 UTC 78,033 78,685 -0.8% 90,000 77,000 Negative -0.9%
31 Oct 08:06 UTC 77,315 77,237 +0.1% 82,000 74,000 Positive +0.8%
1 Nov 07:55 UTC 77,937 77,381 +0.7% 77,750 74,000 Positive +0.2%

"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.