# Bitcoin Options Show Negative Gamma Across Roughly $58,000-$72,000 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/57500 Published: 2026-11-14T20:42:08.000Z Updated: 2026-11-14T20:42:08.000Z Section: Investing > A Nov. 14 snapshot showed the largest negative gamma concentrations near $68,000 and $70,000, with Ether displaying a similar pattern. 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](). ## Links in this article - [similar negative-gamma setup for Ether near $1,980](https://www.tokenpost.com/news/investing/55598)