European-session rally, sellers fade it
A steady start gave way at 12:30 UTC and BTC climbed $3,103 to $79,337. Put writers added the most fresh OI at $74,500 (+244 BTC). Call writers built positions at $77,500–$83,000, led by $83,000 (+519 BTC). Max pain moved from $74,000 to $73,000.
Key levels for the next session
Where writers added today
Move vs what options priced
Last 6 sessions
Reading these numbers
- Max pain is the strike where option buyers collectively lose the most at expiry. It often drifts with price.
- Fresh OI shows where option writers opened new positions during the session. Heavy put writing below price often marks a level sellers expect to hold; heavy call writing above marks a ceiling.
- PCR is put OI ÷ call OI, summed across every Deribit expiry. Crypto usually runs lower than Indian indices.
- Straddle vs range compares the ATM straddle price at the open (what options priced in) with the distance price actually covered.
Related reading
Max pain today →
Live aggregate max pain lander.
PCR today →
Current put-call ratio snapshot.
BTC vs index options →
How crypto expiry and settlement differ.