cryptoChart of The Week: Options GEX Heatmap
Glassnode · · 06:11 · Watch on YouTube
As of . Updated hourly as new videos are read.
BTC near publication: $68,0514-hour candle close · 26 Feb 2026, 12:00 UTC · BTC/USDT
On Bitcoin
No change since their last video.
No view on any horizon.
If this, then that
- If Bitcoin trades lower, then no target given (next days):
If Bitcoin trades lower, market maker needs to sell futures to stay delta neutral, which can reinforce uh downside momentum.
▶ 02:41
Levels named
- 62k: Target (about 1.4 billion of negative dealer gamma makes it a liquidity magnet):
The 62K level stands out in particular with roughly 1.4 billion of negative dealer gamma.
▶ 01:39 - 60k: Target (680 million of negative gamma at the 60K strike expiring end of March):
Roughly 600 millions of negative gamma at 62K and an additional 680 millions at the 60K strike.
▶ 02:19
Their own position: Not said.
Dates named
- Options expiry with 542M negative gamma at 62K on 27 Feb 2026:
542 millions of that negative gamma at 62K is set to expire this Friday.
- End of March options expiry with negative gamma at 62K and 60K, undated:
Further out, another large concentration rolls off at the end of March.