Bitcoin's gamma exposure (GEX) has concentrated around the $60,000 mark, driven by weekly and monthly options, according to options analyst Adam@Greeks.live. This development comes as the market experiences a rebound, with significant attention on the upcoming SpaceX IPO on June 12, the largest IPO globally to date. The IPO is expected to impact U.S. equity market liquidity, which has already seen increased volatility affecting the crypto market. The surge in U.S. equity market volatility has led to a notable influx of crypto investors into equities, potentially heightening the correlation between these markets. Additionally, implied volatility for options expiring this week has risen, with block trades on the rise. The market shows strong short-term demand for buying options, reflecting a defensive positioning stance among investors.