Daily digest / BTC / 2026-09-22 · this week
BTC · Tuesday 22 Sep 2026 (UTC) · close
$88,384
-453.8 (-0.51%)
$14.5M liquidated
Selling from the open, buyers step in
BTC slid $1,440 from $88,830 at 00:00 to $87,390 by 05:30 UTC. Put writers added the most fresh OI at $88,000 (+2,855 BTC). Call writers built positions at $88,000–$94,000, led by $92,000 (+624 BTC). Max pain moved from $75,000 to $76,000. PCR rose from 0.53 to 0.56.
Spot
Max pain
PCR
15-min · UTC
Key levels for the next session
$95,000
Call wall · 31,581 BTC OI
resistance
$94,000
Fresh calls +405 BTC
cap
$92,000
Fresh calls +624 BTC
cap
$88,384
Close
●
$88,000
Fresh puts +2,855 BTC
support
$86,000
Fresh puts +1,373 BTC
support
$80,000
Put wall · 7,475 BTC OI
floor
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 41.4%$2,762
Session range$1,534
The session used 56% of the next-day straddle's 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.