Daily digest / BTC / 2026-09-21 · this week
BTC · Monday 21 Sep 2026 (UTC) · close
$88,838
+7,647.8 (+9.42%)
$90.9M liquidated
Asian-session rally, closes near the highs
A steady start gave way at 02:00 UTC and BTC climbed $8,508 to $89,491. Put writers added the most fresh OI at $80,000 (+1,896 BTC). Call writers built positions at $88,000–$95,000, led by $95,000 (+22,263 BTC). Max pain moved from $74,000 to $75,000, following price up. PCR fell from 0.56 to 0.53.
Spot
Max pain
PCR
15-min · UTC
Key levels for the next session
$95,000
Call wall · 31,552 BTC OI · Fresh calls +22,263 BTC
resistance
$90,000
Fresh calls +12,449 BTC
cap
$88,838
Close
●
$84,000
Fresh puts +1,840 BTC
support
$80,000
Fresh puts +1,896 BTC · Put wall · 6,500 BTC OI
support
Where writers added today
■ calls ■ puts · OI change from the first snapshot to the close, strikes near spot
Move vs what options priced
Next-day ATM straddle at open · IV 33.7%$1,330
Session range$8,673
One session moved 6.5× the next-day straddle's full priced move.
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.
Descriptive summaries of recorded option-chain positioning, generated automatically — not trading signals or advice.
Read the disclaimer →
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.