FIDELITY WISE ORIGIN BITC... (FBTC)

FBTC trades at $107.16, 9.3% above the near-term max pain of $98 expiring Oct 10, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($70-$105), signaling increased put positioning or downside protection. Key magnetic zone at 96 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FBTC shows a downward trend from 105 to 70, indicating bearish sentiment or hedging activity. The 38% spread signals divergent expectations across timeframes. Most levels below 107.16 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.