November 14, 20261 min read0 views

Bitcoin Options Show Negative Gamma Across Roughly $58,000-$72,000

Bitcoin options showed negative gamma across a broad price range in a Nov. 14 snapshot, a setup in which market-maker hedging could reinforce moves higher or lower.

At 7:37 a.m. ET (12:37 UTC) Nov. 14, Bitcoin (BTC) traded near $67,191 as negative gamma extended from roughly $58,000 to $72,000. The largest negative gamma concentrations were around $68,000 and…

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Bitcoin options showed negative gamma across a broad price range in a Nov. 14 snapshot, a setup in which market-maker hedging could reinforce moves higher or lower.

At 7:37 a.m. ET (12:37 UTC) Nov. 14, Bitcoin (BTC) traded near $67,191 as negative gamma extended from roughly $58,000 to $72,000. The largest negative gamma concentrations were around $68,000 and $70,000. Ether (ETH) showed a similar pattern.

With negative gamma, market makers may sell as prices fall and buy as they rise to adjust their exposure. Those trades can add to a move, but the snapshot does not establish that hedging caused a particular price change.

“Both Bitcoin and Ether have slipped into deep negative gamma territory,” said Adam, a macro researcher at Greeks.Live. Adam warned that a modest decline could trigger liquidations in perpetual futures, potentially adding selling pressure. That is a risk scenario, not a confirmed outcome.

TokenPost previously examined a similar negative-gamma setup for Ether near $1,980.